Luxtera Completes $22M Series C Investment
Carlsbad, Calif., March 15, 2006 — Luxtera, Inc., a fabless semiconductor company and the world leader in silicon photonics, announced today that the company has closed a $22 million Series C investment from a mix of new corporate sources and returning investors. Returning investors include New Enterprise Associates, Sevin Rosen Funds, August Capital, and Freescale Semiconductor.
“We are delighted to welcome our new investors and appreciate the continued enthusiasm of our returning investors,” said Alex Dickinson, Co-founder, President, & CEO of Luxtera, Inc. “We will use these additional funds to accelerate our product launch, to move into volume production, and to extend our technology leadership in CMOS photonics.”
“We believe that Luxtera has a significant lead in the important field of CMOS silicon photonics and has demonstrated its ability to produce leading-edge products,” said Sumit Sadana, senior vice president of strategy, business development and acting CTO at Freescale Semiconductor. “We are pleased to be both a technology partner and investor in Luxtera.”
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