Santur secures more financing for tunable lasers
“We are very pleased with this vote of confidence in Santur, the market, and our ability to execute to our business plan,” said Richard Craig, Santur’s CEO. “With this Series C funding, Santur is fully funded and will be able to meet our customers’ ramping production schedules.”
“Santur’s strong customer traction with tier-1 systems suppliers, its reliable tunable laser technology, and proven management team are three great reasons to be excited about this investment,” said David Fries, managing director of VantagePoint Venture Partners.
Santur’s tunable laser technology utilizes a MEMS mirror to select the output of one of an array of DFB lasers, which have a wavelength separation of about 3 nm. Once the laser is selected, the wavelength is fine-tuned using a temperature controller.
The three-year old company netted $23 million in its second funding round back in June 2002. Its processing facilities include MOCVD growth capability, advanced lithography, and thin film tools, while a custom packaging lab is configured to carry out the low cost automated packaging process.
