Galian Photonics Completes 2nd-Round Financing

VANCOUVER, Canada, May 1 -- Galian Photonics Inc., a developer of integrated optical components enabled by photonic crystal technology, announced it has received $4.4 million in second-round financing from new investors BDC Venture Capital and Intel Capital together with prior investors Ventures West, the Working Opportunity Fund and individuals.

Galian is developing optical components based on photonic crystals. These products will be manufactured through the use of silicon photonics. Silicon photonics uses silicon and standard silicon-processing techniques and semiconductor packaging technology.

"We believe that photonic crystals are a strategic technology that will underpin the introduction of high-functionality optical components with extremely small form factors at very competitive prices," said Richard McMahon, Galian Photonics president and CEO.

The financing will be used to continue advancing Galian's technology, to expand operations and customer reach by hiring additional technical and marketing personnel and to implement Galian's fabless business model.