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Another wave of funding for Wave7 Optics

Posted: 28 Jul 2004 ?? ?Print Version ?Bookmark and Share

Keywords:wave7 optics? network equipment?

Fiber to the premises network equipment specialist Wave7 Optics has secured a further $6 million in funding, raising the total amount of venture capital investment in the Alpharetta, Georgia-based company to $68.5 million.

All six of Wave7 Optics' current investors, Advanced Technology Partners, Armada Venture Partners, Lucent Venture Partners, Mellon Ventures, Morgenthaler Ventures and Oak Investment Partners, participated in the latest round.

Wave7 president and CEO Tom Tighe said the company expects another major injection of working capital in October, this time from an outside investor.

- John Walko

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