NeoPhotonics Closes Major Funding

SAN JOSE, Calif., March 18 -- NeoPhotonics Corp., a developer of advanced silica integrated optical circuits, modules and subsystems, announced it has closed a $40 million second round of financing. The company said the funds will be used to move new products into full production and to fund developments of silica optical modules and sub-systems for access passive optical networks, metro and long haul coarse- and dense-wavelength division multiplexing networks.

Oak Investment Partners and Institutional Venture Partners led the round; other investors include Draper Fisher Jurvetson, ATA Ventures, Rockport Capital Partners, Harris & Harris Group, Ventana Global Capital, Linkmore Ltd. and Alps Information Technology Fund. Steve Jurvetson, co-founder and managing director of DFJ, and Bandel Carano, a general partner of Oak Investment Partners, will join NeoPhotoincs' board of directors.

NeoPhotonics recently introduced a new suite of optical components for access networks.

For more information, visit: www.neophotonics.com