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CyOptics Inc. Raises $57 Million from Cisco, Corning, Intel and Vitesse

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BURLINGTON, Mass., Oct. 6 -- CyOptics Inc. has completed a $57 million round of funding led by Cisco Systems. The financing will go toward product development, increased expansion of the company's manufacturing facilities and customer support infrastructure, said CyOptics. CyOptics has raised more than $77 million since its opening. I am proud to have this superb group of corporate investors, each a leader in its market, participate in this round of equity financing. We expect these companies to provide tremendous added value as business partners or technology advisors. said Eran...Read full article

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    Published: October 2000
    CommunicationsindustrialNews & Features

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