Avalon Photonics Raises $5.5 Million in Venture Capital.Business Editors/High-Tech Writers ZURICH, Switzerland--(BUSINESS WIRE)--May 14, 2003 Avalon Photonics Ltd., the well-established optoelectronic Refers to devices that function due to the interaction of light and electronics. For example, an electronic signal is the input to a laser diode, which generates light pulses that are transmitted through an optical fiber. component manufacturer, today announced the successful completion of its second round of financing raising a total of $5.5 million dollars of venture capital funding. Investors include Vision Capital, Viventures, Venture Incubator incubator, apparatus for the maintenance of controlled conditions in which eggs can be hatched artificially. Incubator houses with double walls of mud, a fireroom, and several compartments each holding about 6,000 hens' eggs were developed in ancient times; the , innotech and the CSEM CSEM Centre Sismologique Euro-Méditerranéen (France) CSEM Centre Suisse d'Electronique et de Microtechnique (Switzerland) CSEM Case Studies in Environmental Medicine (ATSDR) . Vision Capital led the investment. The round included existing investors Viventures and the CSEM, and two new investors: Venture Incubator from Switzerland and innotech from Germany. The funding will allow the company to reinforce its position as a leading supplier of state-of-the-art high-speed and single mode Vertical Cavity Surface Emitting e·mit tr.v. e·mit·ted, e·mit·ting, e·mits 1. To give or send out (matter or energy): isotopes that emit radioactive particles; a stove emitting heat. 2. a. Laser (VCSEL (Vertical Cavity Surface Emitting Laser) Pronounced "vixel." A type of laser diode that emits light from its surface rather than its edge. A VCSEL's circular beam is easy to couple with a fiber, and due to its surface-emission architecture, can be tested ). In September 2000, Avalon Photonics Ltd. spun-off from CSEM, the Swiss Center for Electronics and Microelectronics microelectronics, branch of electronic technology devoted to the design and development of extremely small electronic devices that consume very little electric power. . The Avalon Photonics team has been developing and producing single- and multimode VCSELs for the datacom and sensing markets for more than nine years. Dr. Heinz Meier Heinz Meier is a Swiss bobsledder who competed in the late 1970s. He won a gold medal in the two-man event at the 1977 FIBT World Championships in St. Moritz. Reference
Mr. Sven Lingjaerde, General Partner with Vision Capital, the Transatlantic Venture Capital firm added: "With this second round of financing, Avalon is well positioned to be a long term player in the high-end VCSEL industry." Alain Nicod, Managing Partner, VI Partners commented: "We trust Avalon to play an important role in the data communication market in the following years. The company has a strong track record with its customers in terms of product reliability and innovation. Management has the relevant experience to bring the company to success." Dr. Hazel hazel, any plant of the genus Corylus of the family Betulaceae (birch family), shrubs or small trees with foliage similar to the related alders. They are often cultivated for ornament and for the edible nuts. Arnot, Partner with innotech added: "What especially positions Avalon for success is its strength not only in datacom, but also in the sensing market, where Avalon is one of the leading VCSEL providers for sensing applications." About Avalon Photonics: Avalon Photonics Ltd. is a venture capital funded enterprise with headquarters in Zurich, Switzerland. In 2000, it has been founded as a spin-off The situation that arises when a parent corporation organizes a subsidiary corporation, to which it transfers a portion of its assets in exchange for all of the subsidiary's capital stock, which is subsequently transferred to the parent corporation's shareholders. from CSEM. It focuses on the development, production and marketing of high-speed and single mode vertical cavity surface emitting laser (VCSEL) products. http://www.avalon-photonics.com |
|
||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion