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ASIP secures $16 million series C funding

ASIP has attracted new venture partners to further fund the development of its photonic integrated circuit technology.
ASIP, a developer of photonic integrated circuits for next-generation optical systems, has raised $16 million in the initial installment of its series C financing round. This brings the total investment in ASIP to $23.5 million. Nokia Venture Partners led the Series C round and was joined by other new investors, Finaventures and Intel Capital, as well as original investor, Redpoint Ventures.

"ASIP stands out in the industry as a company with a technology platform perfectly suited to achieving the vision of low-cost optical networking," said Jonathan Ebinger, general partner at Nokia Venture Partners. "In addition, ASIP is already delivering world-class products to several of the leading providers of next-generation transceivers. ASIP is truly a company for the future."

ASIP is supplying high-speed, integrated lasers to leading companies developing the next-generation of small form-factor transceivers such as XFP, X2 and XPAK. All of ASIP s products are built on its patented Asymmetric TwinGuide (ATG) technology platform. ATG is a major advance in optical integration technology and enables significant improvements in the density, cost, and design cycle of photonic integrated circuits.

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