Monday, February 27, 2012

Luxtera closes $21.7 Million C round

Carlsbad, Calif. – February 27, 2012  Luxtera, the worldwide leader in Silicon CMOS Photonics, today announces the closing of a $21.7 Million C round of financing. Participation in the C round includes inside investment for NEA, August Capital, Sevin Rosen, Funds, and Lux Capital, as well as new investment from Tokyo Electron, and personal investment from an industry titan.

In addition, Luxtera adds Martin Colombatto to its board of directors. Colombatto most recently served as the CEO and president of Staccato Communications, a San Diego-based Ultra Wide Band (UWB)/ wireless USB company. Prior to Staccato, Colombatto served as the vice president and general manager of Broadcom’s Networking Business Unit. During Colombatto’s tenure at Broadcom, he established and managed a business that generated more than $400 million in revenue over a four year period. As a corporate officer and member of the executive staff, he led the acquisition of five companies that were integrated into his business and formed the technology and product foundation for future revenue growth.

About Luxtera
Luxtera, Inc. is the world leader in Silicon CMOS Photonics. It is the first company to overcome the complex technical obstacles involved with integrating high performance optics directly with silicon electronics on a mainstream CMOS chip, bringing direct “fiber to the chip” connectivity to market. Headquartered in Carlsbad, California, Luxtera is a fabless semiconductor company that was founded in 2001 by a team of industry-renowned researchers and technology managers drawn from the communications and semiconductor industries. Luxtera has received funding from leading venture capitalists including August Capital, New Enterprise Associates, Sevin Rosen Funds and Lux Capital. More information can be found on the company's web site: www.luxtera.com

Cisco Announces Intent to Acquire Lightwire

SAN JOSE, Calif. – February 24, 2012 – Cisco today announced its intent to acquire privately held Lightwire, Inc. Headquartered in Allentown, Penn., with offices in Santa Clara, Calif., Lightwire develops advanced optical interconnect technology for high-speed networking applications. The acquisition will allow Cisco to deliver cost-effective, high-speed networks with the next generation of optical connectivity, allowing service provider and data center customers to meet the growing demands of video, data, voice, mobility and cloud services.

Silicon (CMOS) photonics technology is expected to play a significant role in the enablement of high-speed networks. With expertise in CMOS photonics and packaging design, Lightwire has made innovations in optical interconnects by integrating multiple high speed active and passive optical functions onto a small silicon chip. The smaller size, lower power consumption and scalability of Lightwire's CMOS-based technology enable switches, routers and optical transport systems to have higher-density optical connectivity at a lower cost, allowing carriers to further reduce their operational and capital costs and offer new revenue-generating services.

"The acquisition of Lightwire will support our data center and service provider customers as they manage the continuing deluge of network traffic alongside tight capital and operating budgets," said Surya Panditi, senior vice president, Cisco Service Provider Networking Group. "With the combined know-how from Cisco in silicon design and Lightwire in CMOS photonics, we will transform Cisco's optical connectivity business to an integrated technology platform that supports our customers' burgeoning need for cost-effective high-speed networks."

"Acquiring Lightwire's advanced technology exemplifies Cisco's build, buy, and partner innovation model and supports our focus on driving market leadership in core networking, one of Cisco's five strategic priorities," said Ned Hooper, Cisco's chief strategy officer. "The Lightwire acquisition builds on Cisco's existing optical networking expertise and complements Cisco's 2010 acquisition of CoreOptics, a designer of coherent digital signal-processing solutions and application-specific integrated circuits for high-speed optical networking applications."

Upon the close of the acquisition, Lightwire employees will be integrated into Cisco's Transceiver Modules Group Business Unit and Supply Chain Operations Group. Under the terms of the agreement, Cisco will pay approximately $271 million in cash and retention-based incentives in exchange for all shares of Lightwire. The acquisition is subject to various standard closing conditions and is expected to be complete in the third quarter of Cisco's fiscal year 2012.

Tuesday, February 14, 2012

eoSemi Secures $2.3M Second Tranche

Congleton, UK, February 2, 2012: eoSemi, the all-silicon oscillator company, has confirmed that it has secured a $2.3 million (£1.5 million) second tranche of funding. All of the company’s existing investors, including NESTA Investments, Capital-E, and EV, participated in the latest round of financing.

“The continuing commitment of our investors is a ringing endorsement, not only of our core technology, but also of the progress made by our team towards bringing that technology to market,” said eoSemi CEO Ian Macbeth. “We are addressing a long-term market opportunity in excess of $4bn, and moving confidently from early-stage technology development towards commercial success.”

eoSemi’s core technology enables new timing devices based entirely on silicon circuitry. These can replace the costly, bulky and unreliable external quartz crystals that are still used in even the newest consumer and industrial devices, from mobile phones to televisions. eoSemi's new silicon approach allows a timing reference to be placed directly onto a silicon chip, reducing the number of parts required for each device and therefore the cost and size.

“A viable, cost-effective silicon timing solution is the holy grail for chip designers and makers of consumer products around the world,” said Mark Sherwood, CEO at specialist industry analyst firm CS &A (www.timing-is-everything.net). “Such a solution would immediately cut costs and improve reliability: but just as important, it will open the path to silicon integration, which has been the historic driver for the whole of today’s electronics industry.”

Libby Kinsey, Investment Manager, at NESTA investments said: 'We are delighted to be able to continue our relationship with eoSemi, as the team continues to execute professionally and deliver on its promises. The UK has a highly successful microelectronics industry, and NESTA is determined to play its part in supporting its development.”

Marc Wachsmuth, Partner, Capital E Partners added: “We continue to see enormous potential in eoSemi, and are delighted at the company’s progress so far. At Capital E we remain convinced that eoSemi ticks all the boxes for a successful technology start-up, combining an outstanding team with defensible IP and a compelling need in the market.”

Ed French, Investment Director, EV said: “EV invests in early-stage companies across the UK, and across a variety of sectors. eoSemi has made remarkable progress in developing the first really viable alternative to quartz in a century of electronics development.”

Black Sand Technologies Closes $10M Series C

AUSTIN, Texas--(BUSINESS WIRE)--Black Sand Technologies, Inc, a fabless semiconductor company specializing in advanced power amplifier technology for wireless applications, today announced that it has received US$10 million in third-round (series C) funding, as it ramps volume production of its range of silicon power amplifiers for use in 3G phones, tablets and datacards. The latest funding round was led by existing investors Northbridge Venture Partners and Austin Ventures.

Black Sand employs industry standard CMOS semiconductor technology in the manufacture of key handset components that have traditionally required specialized process technologies. The company’s products can therefore be made in the world’s largest semiconductor foundries, thus improving quality, reliability and robustness, reducing costs, and giving customers supply assurance.“The enthusiastic commitment of our shareholders, placing $10 million in cash on the balance sheet, is a powerful endorsement of our strategy and our growing success in the market,” said John Diehl, CEO of Black Sand. “We are already shipping in volume to multiple customers, and this additional investment will allow us to take the company to the next level – in terms of new products and an expansion of the sales and technical team. We have demonstrated technology leadership and commercial performance: our investors have responded to that.”

“The team at Black Sand has performed impressively over the last 24 months, not only successfully productizing the silicon power amplifier concept, but also achieving significant market traction,” said Basil Horangic, Partner at Northbridge Venture Partners. “We’re delighted to continue our association with John Diehl and his team, as they move forward to even further success in the coming months.”

“The market that Black Sand addresses certainly has a compelling need for its technology,” said Clark Jernigan, Venture Partner at Austin Ventures. “Black Sand’s products benefit consumers, handset makers and network operators – with this kind of win-win proposition, we’re confident that the company can move to even greater success.”

The Black Sand BST34 series of power amplifiers is designed as a drop-in replacement for existing 3G GaAs (gallium arsenide) power amplifiers, improving supply and lowering cost for handset manufacturers; the BST35 series moves the market forward, using another important feature of CMOS process technology – the ability to integrate more intelligence and functionality on-chip. The overall result is a reduction in the incidence of dropped calls, increase in real-world data rates and reductions in network operators’ capital expenditure requirements.