Alphion's third round of funding was led by Tallwood Venture Capital with participation from Goldman Sachs, Narra Venture Capital, and industry executives as well as new investors Axiom Venture Partners, and ICCP Venture Partners. This funding will be used to support the growth of the company's manufacturing capacity and expansion of its sales and marketing efforts.
"We are pleased to have continued strong investor support, which demonstrates high confidence in our value proposition and execution," said Dr. Bharat P. Dave, Alphion's Chairman, President and Chief Executive Officer. "This funding will allow us to expand the QLight(TM) product family, and to gear up our operations to meet the growing market demand."
Alphion launched the QLight(TM) 2R Photonic Transponder at the OFC 2004 Exhibition for deployment in metro, long haul and CATV networks. The QLight(TM) Amp and Switch product lines, announced at the OFC 2005 Exhibition, are used in telecommunication networks as well as high performance photonic routing networks, network restoration, and equipment protection switching.
The QLight(TM) platform is based on breakthroughs in monolithic integration on InP and advanced packaging technologies. Alphion owns rights to over 35 issued and pending patents related to design, fabrication and applications of photonic integrated circuits.
ABOUT ALPHION CORPORATION
Alphion Corporation, a privately held company, develops, manufactures and markets integrated photonic devices and subsystems based on its proprietary QLight(TM) technology. Alphion products are sold into telecom, datacom, CATV and defense system OEMs. The QLight(TM) family of products is used in photonic regeneration, signal conditioning, wavelength management, and performance monitoring applications. For more information about Alphion and its products, visit our website www.alphion.com
ABOUT TALLWOOD VENTURE CAPITAL
Tallwood Venture Capital is a venture capital firm focusing on semiconductors and semiconductor related technologies. Tallwood raised its first institutional fund of $180 million in 2002. Investors include Stanford University and Harvard University.
Tallwood's practice is based on a deep understanding of markets, the impact technology will have on them and a hands-on, very active involvement post investment. Tallwood also utilizes a best in class team of consultants and advisors to help build our practice and work directly with our portfolio companies. Our vision is to actively help entrepreneurs to develop and grow technology-based start ups into world-class companies.
For more information visit their website, www.tallwoodvc.com
ABOUT AXIOM VENTURE PARTNERS
Axiom Venture Partners provides capital and strategic assistance to rapidly growing high technology companies. Axiom's professionals bring substantial investing experience and industry expertise to the venture capital process. With over $200M in capital under management, the firm seeks to consider investment proposals in two main industry areas: High Technology (including Communications, Software, Internet Infrastructure and Information Technology) and Biotechnology.
For more information visit their Website, www.axiomventures.com
ABOUT GOLDMAN SACHS
Goldman Sachs is a leading global investment banking, securities and investment management firm that provides a wide range of services worldwide to a substantial and diversified client base that includes corporations, financial institutions, governments and high net worth individuals. Founded in 1869, it is one of the oldest and largest investment banking firms. The firm is headquartered in New York and maintains offices in London, Frankfurt, Tokyo, Hong Kong and other major financial centers around the world.
For more information visit their Website, www.gs.com
ABOUT ICCP VENTURE PARTNERS
ICCP Venture Partners is an Asian-based venture capital firm, which supports strong management teams who desire to build world-class companies with leading-edge products and services. ICCP Venture Partners' investment portfolio includes fab-less integrated circuit design firms and semiconductor-related technologies, software, outsourced services and manufacturing, and traditional consumer goods and services.
For more information visit their website, www.iccpventurepartners.com
ABOUT NARRA VENTURE CAPITAL
Narra Venture Capital was established in 2002 to invest in private high-technology companies with potential for strong growth. Narra focuses its investments on companies with defensible barriers to competition, which are normally based on cutting edge technology or their efficient deployment.
For more information visit their website, www.narravc.com
Contact:
Alphion Corporation Bharat Dave Office: 609-936-9005 Mobile: 732-682-8555 Email Contact