OneChip Photonics Lands $15,567,516 Series C Financing Round

Feed Type
Link
http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=4100c521-53f0-42b2-8b67-df39295bace9&Preview=1
Date
9/18/2012
Company Name
OneChip Photonics
Mailing Address
19925 Stevens Creek Blvd. Cupertino, CA 95014
Company Description
OneChip Photonics develops and manufactures low-cost, high-performance optical transceivers – based on monolithic Photonic Integrated Circuits (PICs) in Indium Phosphide (InP) – for access networks and other mass-market broadband applications. OneChip’s breakthrough approach and technology will remove the cost and performance barriers that have been impeding the ubiquitous deployment of Fiber-to-the-Home and enable new business and consumer broadband applications. Currently, the company is developing these low-cost, high-performance transceivers for Optical Network Terminals (ONTs) and Optical Line Terminals (OLTs) in Ethernet PON (EPON) and Gigabit PON (GPON) networks.
Website
http://www.onechipphotonics.com
Transaction Type
Venture Equity
Transaction Amount
$15,567,516
Transaction Round
Series C
Proceeds Purposes
Proceeds purposes were not disclosed. Includes $7,193,577 value of converted promissory notes. SEC regulatory filing.
M&A Terms
Venture Investor
Undisclosed