Active Optical MEMS, optical networking equipment co., raises $2M
Active Optical MEMS, a Fremont, Calif. company that sells optical networking equipment, has raised $2 million in a second round of financing, according to VentureWire (subscription required).
Quicksilver Ventures, formerly known as QTV Capital, led the round with $1 million. K2 Ventures contributed $500,000 investment. Existing investor Noventi Venture Capital invested $400,000. The remainder of the round came from individuals.
Active Optical MEMS makes micro-electromechanical system components for optical networking equipment. The chips redirect bandwidth on a carrier’s network, allowing for more bandwidth in some places and less in others. “In the first Internet boom carriers were trying to get the most bandwidth, now they are trying to get more agile networks,” said Maury Domengeaux, a managing director of Quicksilver Ventures.
The company’s technology was by the same team by another company, Active Optical Networks, that shuttered in 2006, after burning through at least $11 million, according to the report.
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