fiberSpace Raises $12.1 Million in First Round Funding
Jan 12, 2001 — LOS ANGELES, Jan. 12 -- fiberSpace Inc., a developer of high-performance laser sources for optical fiber communications, has entered into an agreement to sell approximately 12.1 million of series A redeemable convertible preferred stock to J.P. Morgan Capital, L.P, and one of its affiliates, and Morgenthaler Partners VI, L.P. The preferred stock is convertible into common stock of fiberSpace, subject to certain adjustments.
The fiberSpace technology is both practical and broad in scope, said...