Optical Networking Startup VSK Photonics Raises $18 Million in First Round Financing
Source: VSK Photonics, Inc.
Irvine, CA. VSK Photonics, Inc., a supplier of active photonic components for fiber-optic telecommunications, today announced it has received first round investment financing from Morgenthaler Ventures and Intel Capital. This total investment of $18 million provides VSK Photonics with additional resources to help aid its growth and deploy its core technology.
VSK Photonics uses Indium Phosphide (InP) semiconductor technology to deliver 40Gbit/s opto-electronic component solutions for the next generation optical networks. "We believe VSK has the right approach to the market today -- products that increase performance and reliability of optical networks while dramatically decreasing cost. The innovative technologies that VSK is developing will bring these benefits to the emerging 40 Gb/s market," said Drew Lanza, Venture Partner at Morgenthaler Ventures.
"Intel Capital invests in companies, such as VSK Photonics, that help accelerate the pace of broadband technology. VSK s Indium Phosphide technology promises high performance and reliability for the high end telecommunications market," said Tom Willis, managing director for Optical Communications Investments at Intel Capital.
Don Ackley, CEO of VSK Photonics added, "VSK is excited to be working with such distinguished investors. We have a very strong development team and this round of financing will support our efforts to provide our high-end products to the market in time for the deployment of the next-generation of high-speed optical networks."
About VSK Photonics, Inc.
VSK Photonics, Inc. develops high speed optoelectronic components and modules to meet the evolving needs of the telecommunications industry. VSK Photonics was founded in December 2000 and is located at 8001 Irvine Center Drive, Irvine, CA. For more information on VSK Photonics, visit www.vskphotonics.com.
About Morgenthaler Ventures
Morgenthaler Ventures has been an active company builder since 1968, funding more than 150 companies, two-thirds of which are now public or part of public entities. Among the companies funded by Morgenthaler are Apple Computer, NEXTEL Communications, New Focus, Agility Communications, Lightwave Microsystems, Princeton Lightwave, LightChip and fiberSpace. Morgenthaler manages over $1 billion, including $570 million in the current fund, Morgenthaler Partners VI. For more information, visit www.morgenthaler.com.
About Intel Capital
Intel Capital, Intel s strategic investment program, focuses on making equity investments and acquisitions to grow the Internet economy, including Internet infrastructure, content and services in support of Intel s strategic interests. For more information, visit www.intel.com/capital.
Contact: Timothy Vang, CTO of VSK Photonics, Inc. Tel: 949-754-3060 tvang@vskphotonics.com or for media, Tom Gibson of The Gibson Network Tel: 216-881-9376 tgibson1@ameritech.net
Timothy Vang, CTO of VSK Photonics, Inc.
Tel: 949-754-3060
tvang@vskphotonics.com
or for media, Tom Gibson of The Gibson Network
Tel: 216-881-9376
tgibson1@ameritech.net
E-mail: tgibson1@ameritech.net
Web site: http://www.intel.com/capital
