Everybody's in. (Technology).Sabeus Photonics Inc. closed its third round of funding after exceeding its initial goal by $6 million. The optical networking Communications between computers, telephones and other electronic devices using light. An optical network is far more reliable and has far greater potential transmission capacity than networking in the electrical domain. See optical fiber. manufacturer raised $21 million in a third round that closed April 11. The new funding came from Lexington Ventures LLC (Logical Link Control) See "LANs" under data link protocol. LLC - Logical Link Control of Beverly Hills Beverly Hills, city (1990 pop. 31,971), Los Angeles co., S Calif., completely surrounded by the city of Los Angeles; inc. 1914. The largely residential city is home to many motion-picture and television personalities. . Lexington and Sabeus officials could not be reached for comment. The Chatsworth-based company now has raised $26 million since its founding on seed money in 1998. A second round of $5 million came from Redpoint Ventures in 2000. Sabeus spokeswoman Abigail Johnson Abigail Johnson (born January 7, 1962) is an American financial businesswoman. She runs part of Fidelity Investments under the auspices of her father Edward Johnson. In March 2007, her net worth was estimated at $13 billion - she is at the 42nd position in Forbes said Chief Executive Andre de Fusco was out of the country, but she confirmed that the $21 million would be used to continue development of the company's technology, as well as beef up sales and manufacturing of its telecom business. Sabeus makes components used in for fiber-optic networking. Staff reporter Christopher Keough can be reached at (323) 549-5225 ext. 235, or at ckeough@labusinessjournal.com. |
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