Press Releases

Capella Photonics Secures $15 Million in Initial Financing for New Approach to Optical Subsystems and Components

San Jose, CA, July 18, 2001- Capella Photonics, a start-up company formed to exploit a new, disruptive approach to optical subsystem and component design, announced today that it has secured initial venture-capital funding of $15 million.

Leading the capital financing was Bay Partners of Cupertino, joined by Vanguard Ventures, BCE Capital and affiliated investors. Also participating were the founders, Drs. Joseph Davis and Jeffrey Wilde.

According to Joseph Davis, Capella CEO, "This infusion of funds will enable us to maintain our very aggressive product development schedule while we expand our development, operations, and marketing staffs. As a result, we expect our initial product launch to significantly impact the industry's thinking about optical-system architecture, cost, and performance."

Dino Vendetti, a partner at Bay Partners, said, "We're excited by the potential that the application of optical tunable technology brings to the exploding optical-network market. Capella's management team has the knowledge, dedication, and track record to fully exploit that potential to produce a quantum leap in all-optical network design."