Digital Optics Completes Round of Funding

CHARLOTTE, N.C., Aug. 11 -- Digital Optics Corp.'s most recent round of funding netted $35 million, with J.&W. Seligman & Co. making the biggest contribution, Digital Optics said. Digital Optics manufactures PHOTONIC CHIPS, which are wafer-based passive and active integrated optical sub assemblies.
With the completion of this round of financing, we are able to pursue more aggressively the expansion of our manufacturing operations and our research and development opportunities, said Ed Goode, Digital Optics CFO. Also, with this round we continue to expand our base of value added investors.
Other major investors for this round included Agilent Technologies, RF Micro Devices, Carolinas Capital, Intel Capital, Bank of America Securities and Chase H&Q.