Everything must go at Siros Technology
As recently as March 2002, the company received a funding round of $17 million from a number of venture capitalists and corporate investors, bringing the company s total funding since its inception to $32 million.
Precise details of what the company was working on are very sketchy. The company claimed to have developed a new high-power VCSEL-based component that could be reliably produced in volume at a fraction of the cost of other solutions. The product, thought to have been a long-wavelength (1310 or 1550 nm) device, was to have been offered in an industry-standard package for rapid integration.
According to Siros website, its high-power VCSELs "combine proven wafer fabrication technology with an innovative, highly-integrated design that delivers the performance needed to support any metro or long-haul networking application at a fraction of the cost of existing products."
Speaking in March 2002, Barbara Grant, president and CEO of Siros, said "At Siros, we are taking a fundamentally different approach to the performance, cost, and reliability challenges of existing laser technologies. With the financial support of new and existing investors, we can move well into customer shipments and volume production, bringing new levels of profitability to our customers."
Siros was initially founded to develop VCSELs for data storage applications. The company attempted to commercialize a VCSEL pumped by a very-small-aperture laser, using technology developed at Lucent Technologies Bell Labs and licensed to Siros. The company later switched to focus on optical networking applications.
