SANTA CLARA, Calif., July 15 -- Redfern Integrated Optics Inc. (RIO), a maker of low-cost, high-performance optical transmitters for the telecommunications and data transmission markets, announced it has secured $6.2 million in financing. Investors are Advent International, Tallwood Venture Capital, TMT Ventures and Redfern Photonics Pty Ltd. In connection with the financing, Leigh Michl, Dado Banatao and Paul van Tol joined RIO's board to represent Advent, Tallwood and TMT Ventures, respectively.
"In addition to the customer validation that RIO has secured to date and the development of the 10 Gigabit Ethernet market, this financing puts us in an excellent position to capitalize on our breakthrough platform technology," said Radu Barsan, president and CEO of RIO. "Such financial support represents a significant endorsement of RIO's value proposition and will enable us to continue to meet the growing needs of our customers for high-performance, low-cost 40/80 km and DWDM XFP (10 Gigabit small-form-factor pluggable module)-compatible TOSAs (transmitter optical subassembly)."
RIO said funding from this round will enable it to complete the development and qualification of its first product line, to broaden its product portfolio and to boost manufacturing.
For more information, visit: www.rio1.com