Continuum raises additional
$17.5 million in Series C
Billerica, Massachusetts, April 8, 2004--Continuum
Photonics, a developer of optical switches for the optical
automation systems and telecommunications markets, closed an
additional round of more than $17.5 million in its Series C
A new investor, JK&B Capital, led the oversubscribed round,
with significant participation from additional new investor, Boston
Millennia Partners. Prior investors Prism Venture Partners, Flagship
Ventures, Harris & Harris Group, Gainesborough LLC, and private
individuals also participated in the round. With the completion of
this latest financing, Al DaValle, Partner of JK&B Capital, has
joined Continuum's Board of Directors.
"Continuum has made significant progress in serving our growing
base of world-class customers," said Jeffrey Farmer, CEO of
Continuum. "This round allows us to move aggressively in providing
the products that our customers are demanding. Given the general
market conditions that exist today, the financing is a very strong
validation of our unique team and technology."
Interested in a subscription to Laser Focus
World Magazine? Click here to subscribe!