Luxtera Closes $21.7 Million of Financing and Adds Former Broadcom Executive Martin Colombatto to Board of Directors
Luxtera raises capital to support expansion and brings high growth semiconductor industry veteran to its board
Carlsbad, Calif. – February 27, 2012
- Luxtera closes $21.7 Million C round of growth capital financing to support design win opportunities and market adoption of Silicon CMOS Photonics.
- Martin Colombatto joins Luxtera’s board of directors, bringing valuable experience as a former senior executive at Broadcom, where he was responsible for building the foundation of its multi-billion dollar enterprise business, as well as his current involvement of several semiconductor startups.
Luxtera, the worldwide leader in Silicon CMOS Photonics, today announces the closing of a $21.7 Million C round of financing. Participation in the C round includes inside investment for NEA, August Capital, Sevin Rosen, Funds, and Lux Capital, as well as new investment from Tokyo Electron, and personal investment from an industry titan.
In addition, Luxtera adds Martin Colombatto to its board of directors. Colombatto most recently served as the CEO and president of Staccato Communications, a San Diego-based Ultra Wide Band (UWB)/ wireless USB company. Prior to Staccato, Colombatto served as the vice president and general manager of Broadcom’s Networking Business Unit. During Colombatto’s tenure at Broadcom, he established and managed a business that generated more than $400 million in revenue over a four year period. As a corporate officer and member of the executive staff, he led the acquisition of five companies that were integrated into his business and formed the technology and product foundation for future revenue growth.
“This is an exciting time for Luxtera and I am honored to be joining an organization that is seeding technology poised to be as disruptive as the mass productization of CMOS photonics in silicon,” said Colombatto. “There is incredible talent at Luxtera and I look forward to helping to shape this defining industry transition as Silicon CMOS Photonics overcomes the limitations of copper interconnect.”
“It is exciting to be a part of this fundamental industry transition,” said Greg Young, president and CEO of Luxtera. “Silicon CMOS Photonics has transitioned from the exotic research labs of Intel and IBM to become a mainstream technology. With over 1 million 10Gb channels shipped and numerous opportunities to ship tens of millions of units, we have established ourselves as the leader in this important field.”
Luxtera, Inc. is the world leader in Silicon CMOS Photonics. It is the first company to overcome the complex technical obstacles involved with integrating high performance optics directly with silicon electronics on a mainstream CMOS chip, bringing direct “fiber to the chip” connectivity to market. Headquartered in Carlsbad, California, Luxtera is a fabless semiconductor company that was founded in 2001 by a team of industry-renowned researchers and technology managers drawn from the communications and semiconductor industries. Luxtera has received funding from leading venture capitalists including August Capital, New Enterprise Associates, Sevin Rosen Funds and Lux Capital. More information can be found on the company's web site: www.luxtera.com
Vantage Communications for Luxtera
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