Auxora Completes its Series A With an Additional $3 Million.Business Editors & High-Tech Writers BALDWIN PARK Baldwin Park, city (1990 pop. 69,330), Los Angeles co., S Calif., a suburb of Los Angeles, in the fertile San Gabriel valley; settled 1870, inc. 1956. Its industries include metal fabrication, printing, and plastics manufacturing. , Calif.--(BUSINESS WIRE)--June 4, 2002 Auxora, Inc., a provider of wavelength management and control solutions for optical communications Optical communications The transmission of speech, data, video, and other information by means of the visible and the infrared portion of the electromagnetic spectrum. , announced that it has extended its Series A financing round with an additional $3 million, led by Rustic Canyon Ventures. Existing investors Intel Capital and individuals also participated. This financing round brings the total investment in Auxora to $14.7 million. Rustic Canyon, Intel Capital and individuals provided an investment of $11.7 million in September 2000. Auxora plans to use the funds to continue expansion of its R&D efforts and to help bring its new products, including tunable filters, to market this year. Using its proprietary NanoCode(TM) deposition technology, Auxora's current products include tunable filters, DWDM (Dense WDM) The term given to wavelength division multiplexing (WDM) when significantly more channels were being added. Since WDM is increasingly more "dense" all the time, both terms are used synonymously. See WDM. DWDM - wavelength division multiplexing filters (50Ghz and 100Ghz), and specialty thin film filters such as Gain Flattening Filters and high performance band splitters. Auxora has currently over 15 public and private customers in the US and abroad. "We are excited to announce the closing of our Series A financing round with our existing investors Rustic Canyon Ventures and Intel Capital," said Dr. Xinxiong Zhang, Auxora's President and Chief Executive Officer. "Our financial resources, combined with our proprietary technology and proven track record of providing carrier-qualified optical solutions, positions Auxora well for the current and next generation market opportunities," Zhang concluded. "Auxora has demonstrated that it has the technical and market skills to gain the ultimate validation, increasing sales in a difficult market," said Michael Kim Michael Kim (born January 26, 1964) in Fulton, Missouri, is an anchor on ESPNEWS flagship program The Hot List along with Brian Kenny and is also contributes to ESPN's flagship program SportsCenter. , partner at Rustic Canyon Ventures. "Their proven ability to execute is what gives them credibility with their customers." About Auxora, Inc. Auxora, Inc. provides wavelength management and control solutions for the optical communications industry through its proprietary NanoCode(TM) technology. Auxora was founded in January 2000 and closed its initial Series A financing in September 2000. The Company is located at 4750 Littlejohn Street, Baldwin Park, CA 91706. For more information on Auxora, visit www.auxora.com. About Rustic Canyon Ventures Rustic Canyon Ventures is a $550 million venture capital fund focused on core technology infrastructure, business services, communications equipment and other technology-oriented high-growth industries. Portfolio companies include Amber Networks, Allegro (operating system) Allegro - The code name for the major Mac OS release due in mid-1998. http://devworld.apple.com/mkt/informed/appledirections/mar97/roadmap.html. Networks, EM4 Photonics, Confluent con·flu·ent adj. 1. Flowing together; blended into one. 2. Merging or running together so as to form a mass, as sores in a rash. Photonics and VSK VSK Verband Schweizerischer Kaderschulen (German: Federation of Swiss Cadre Schools) VSK Voice over Broadband Starter Kit VSK Virtual Storage Key VSK Vision Starter Kit Photonics. For more information, visit www.rusticcanyon.com. About Intel Capital Intel Capital, Intel's strategic investment program, focuses on making equity investments and acquisitions to grow the Internet economy The Internet Economy refers to conducting business through markets whose infrastructure is based on the Internet and World-Wide Web. An Internet economy differs from a traditional economy in a number of ways, including: communication, market segmentation, distribution costs, and price. in support of Intel's strategic interests. Intel Capital invests in hardware, software and services companies in several market segments, including computing, networking, and wireless communications wireless communications System using radio-frequency, infrared, microwave, or other types of electromagnetic or acoustic waves in place of wires, cables, or fibre optics to transmit signals or data. . For more information, visit www.intel.com/capital. |
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