Maxoptix Obtains $16 Million Venture Capital Investment Technology

FREMONT, Calif., June 27 -- After round two of its venture-capital financing campaign, Maxoptix Corp. finished with $16 million, an increase of $6 million compared to its first venture in 1999.
Smart Technology Ventures III started the funding, followed by several other investors including Hunt Ventures, Odyssey Capital and Lakefield Ventures. H.T. Ardinger Jr. followed up on his 1999 contribution with another strong investment this year as well.
The capital will go toward the expansion and assembly of new products based on Maxoptix' Optical Super Density (OSD) technology. OSD products are tailored to the corporate network and Internet data center. They can also be used as special applications in digital video streaming and editing, graphics imaging and mission-critical data acquisition, the company said.