CoreOptics Announces Closing of $28 Million Round of Financing.NUREMBERG, Germany and MANCHESTER, N.H. -- CoreOptics Inc., a leading designer and manufacturer of 10Gb/s and 40Gb/s optical networking subsystems, today announced the closure of $28 million round of financing from new and existing investors, bringing the company's total funding to date to over $68 million. CoreOptics mission is to deliver innovative 10G/40G transponder subsystems products to overcome optical layer impairments using advanced digital signal processing See DSP. Digital Signal Processing - (DSP) Computer manipulation of analog signals (commonly sound or image) which have been converted to digital form (sampled). techniques based on Maximum Likelihood Sequence Estimator (MLSE MLSE Maximum Likelihood Sequence Estimation (algorithm) MLSE Maple Leafs Sports Entertainment MLSE Model Law Structural Engineer MLSE Maintenance Loop Signaling Entity MLSE Maximum Likelihood Sequence Estimator ) algorithm. CoreOptics currently offers complete 10G 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 , 40/43G Single Channel Short Reach and DWDM 300 pin MSA (Metropolitan Service Area) An urban area with at least 50,000 people plus surrounding counties. There are 306 MSAs and 428 RSAs (rural service areas) in the U.S. MSAs and RSAs are used to allocate cellular licenses. transponder subsystems; including key building blocks such as 43 Gb/s Ultra-FEC, 40G Mux/DeMux for 4x10G client signals and Interface Converter supporting SFI-5s, SFI-4, XFI. "CoreOptics has been in the forefront of developing distortion tolerant 10G/40G solutions which have enabled the next generation of open tolerant optical networks around the world. Our solutions deliver the highest level of Chromatic Dispersion and PMD (Polarization Mode Dispersion) The type of dispersion that occurs in singlemode fiber due to a lack of perfect symmetry in the fiber and from external pressures on the cable. Light travels over singlemode fiber in two polarization states. Tolerance in the market today," said Hamid Arabzadeh, CoreOptics President and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. . "CoreOptics has successfully completed product introduction phase with a number of topTier-1 system providers and is now focusing on ramping up volume manufacturing to address the significant growth in demand for our products." CoreOptics' 10G transponder product is enabled by the company's MLSE electronic equalization engine that acts adaptively as part of the receiver to compensate for both optical and electrical distortions accumulated along the transmission link. CoreOptics 10G DWDM transponder product is in deployment with 15 service providers globally. "I am very pleased to join CoreOptics board of directors and I'll be looking forward to working with the other board members as well as the executive management team of the company to contribute towards CoreOptics future growth," said Rudi Severijns, Executive Investment Manager at GIMV ICT (1) (Information and Communications Technology) An umbrella term for the information technology field. See IT. (2) (International Computers and Tabulators) See ICL. 1. (testing) ICT - In Circuit Test. group. "Having successfully completed introduction of its MLSE technology into deployment with service providers globally, CoreOptics will be now entering into the second phase of its successful journey to accelerate the completion of its product roadmap and drive towards making MLSE a de-facto equalization platform." Ian Jenks, CoreOptics chairman of the board commented: "The ability of CoreOptics to raise this level of funding in an oversubscribed Refers to connecting more users to a system than can be fully supported if all of them were using it at the same time. Networks and servers are almost always designed with some amount of oversubscription, counting on the fact that everybody does not need the service simultaneously. financing round with the existing and new investors, is a testament to their value proposition. Furthermore, it is an independent validation of CoreOptics clear technological and market leadership position in delivery of distortion tolerant 10G and 40G transponder subsystems." Key benefits of this product platform include reduction in first-in CAPEX, by eliminating the need for the conventional Dispersion Compensation Modules (DCMs) and Dual-Stage amplifiers. The OPEX See CAPEX. savings include simplification of network planning, installation and provisioning by enabling a complete set of plug-and-play features. The distortion tolerant transponder will enable transmission of 10 Gb/s services on the widely deployed 2.5 Gb/s metro networks, enabling service providers to maximize revenue generation from their installed base. About CoreOptics CoreOptics with operations in Nuremberg, Germany and Manchester New Hampshire, USA develops and manufactures subsystems for ultra high-speed optical networking applications in the telecommunications and information technology industries. CoreOptics current portfolio includes advanced 10Gbps and 40Gbps transponders for Metropolitan, Regional and Long Haul optical systems using DWDM, OTN, SONET/SDH, ATM and IP protocols. The company was founded in January 2001 and has received financing from leading venture capital firms Name Location Founding date Managing Partners/Directors Specialty Capital managed 5AM Ventures Menlo Park, CA; Waltham, MA 2002 John Diekman, PhD (managing partner), Scott Rocklage, PhD (managing partner), Andrew Schwab (managing partner) life sciences $200M [1] , GIMV, Quest for Growth, Crescendo Ventures, TVM Capital, High Tech Private Equity, Atila Ventures and others. The team includes over 70 highly skilled engineers with extensive experience in RF and digital ASIC (Application Specific Integrated Circuit) Pronounced "a-sick." A chip that is custom designed for a specific application rather than a general-purpose chip such as a microprocessor. design as well as optical systems, applications and network architecture. Additional information about CoreOptics can be found at www.CoreOptics.com |
|
||||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion