Kotura Inc., a Monterey Park, Calif.-based silicon photonics company, has raised $10 million in third-round funding. The round was led by new Kotura chairman Andrew Rickman, co-founder of Bookham Inc. Return backers include ARCH Venture Partners, ComVentures, GF Private Equity, Rockley Ventures and Viterbi Group.
PRESS RELEASE
Kotura, Inc., the leading provider of silicon photonic products and in volume production to customers around the world, today announced that it has appointed Dr Andrew Rickman OBE, pioneer in silicon photonics and co-founder of Bookham, Inc., as Chairman of the Board of Directors.
“I am extremely pleased to be expanding my involvement with Kotura as Chairman and as a significant investor,” said Andrew Rickman. “The Kotura team is world class and very experienced in silicon photonics. The Company's manufacturing process is under pinned by two decades of development and an extensive patent portfolio. Kotura has the relationships with both customers and application partners for significant scaling of output.”
Concurrently, Kotura announced that it has successfully raised a $10M Series III round of funding. The round was lead by Andrew Rickman, with all of Kotura's existing investors participating in the round.
“We welcome Andrew's experience and leadership to our Board,” added Jean-Louis Malinge, President and CEO of Kotura. “With this new round of financing and Andrew's appointment as Chairman, Kotura is well positioned to exploit the new business opportunities in silicon photonics.”
About Kotura, Inc. Kotura, Inc., a worldwide leader in silicon photonics designs, manufactures and markets a portfolio of application-specific silicon photonics products that are deployed in commercial applications within the fields of communications, computing, sensing, and detection. The company has been in mass production of silicon photonics components for more than three years and previously announced a two-year supply agreement with Alcatel-Lucent for its Ultra Fast Variable Optical Attenuator (VOA) Arrays. Kotura is also an active participant in the IEEE 802.3 Higher Speed Study Group (HSSG), the Video Electronics Standards Association (VESA) and the Silicon Photonics Alliance, the first formal Community of Interest with the Optoelectronics Industry Development Association (OIDA). For more information, please visit the company's web site at www.kotura.com.
About ARCH Venture Partners ARCH Venture Partners has been investing in seed and early-stage technology companies for more than 18 years and has special expertise in building technology companies with leading scientists and researchers from Universities and National Laboratories. ARCH manages over $1B in capital and operates nationally with offices in
About ComVentures ComVentures, a leading venture capital firm with more than $1.5 billion under management, specializes in early-stage investments in the communications market. The firm focuses its investment expertise on pioneering companies that capitalize on the constant drive to build next-generation components, systems, software and services. ComVentures consistently uncovers groundbreaking communications technologies, helps lead and grow its portfolio companies, and assists these companies in deploying new technologies in an ever-changing marketplace. For more information, visit www.comventures.com.
About GF Private Equity GF Private Equity LLC is a wholly owned subsidiary of the Southern Ute Indian Tribe, which possesses assets in several industries and investment categories that are in excess of $2 billion. GF Private Equity forges partnerships with its portfolio companies delivering advantages and support to its portfolio companies and investment partners. Investment areas include technology, security, defense and telecommunications. For more information, visit www.gfprivateequity.com.
About Rockley Ventures Rockley Ventures is the private technology investment portfolio of Dr Andrew Rickman OBE, founder and former CEO of Bookham Inc. Dr Rickman has specialized in cofounding and guiding technology companies focused on large and timely markets. His portfolio consists of businesses covering the energy sector, environmentally sustainable production, new media advertising, data management and photonics.
About Viterbi Group The Viterbi Group, LLC is an equity investment fund established in 2000 by Andrew Viterbi, a founder of Qualcomm. The Viterbi Group advises and invests in early and emerging companies that are pioneering innovative technologies in the areas of wireless communications, network infrastructure, and image, optical and signal processing.
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