Tech Company Financing Transactions
CoreOptics Funding Round
CoreOptics, operating out of San Jose, secured $25 million in funding from Atila Ventures, Crescendo Ventures and GIMV.
Transaction Overview
Company Name
Announced On
5/14/2008
Transaction Type
Venture Equity
Amount
$25,000,000
Round
Undisclosed
Investors
Proceeds Purpose
Hamid Arabzadeh, CoreOptics Chairman of the board, President and CEO said, "This round of funding will enable us to complete our near-term product development programs, achieve our manufacturing ramp targets, expedite our global sales team expansion and see us through to the next phase of the company's evolution to establish CoreOptics as the global leader in distortion tolerant 10G/40G and 100G optical subsystems."
Company Information
Company Status
Acquired or Merged
Industry
Networking
Mailing Address
2841 Junction Ave. 101
San Jose, CA 95134
USA
San Jose, CA 95134
USA
Phone
Website
Email Address
Overview
CoreOptics, with operations in Nuremberg, Germany, San Jose, California and Manchester, New Hampshire, USA, develops and manufactures subsystems for ultra high-speed optical networking applications in the telecommunications and information technology industries.
Profile
Social Media
Company News
Facebook
YouTube
Management Team
Title
Name
Email & Social
Chief Executive Officer
Hamid Arabzadeh
Chief Technical Officer
Christoph Schulien
Co-Founder
Claus Dorschky
VP - Operations
Georg Roll
VP - Product Management
Achim Herzberger
VP - R & D
Hans Schiessl
VP - Sales
Saeid Aramideh
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