Redfern Raises $7 Million

Redfern Integrated Optics Inc., a Santa Clara, Calif.-based maker of  optical transmitters for the telecommunications, data transmission and other markets, has raised $7 million in new venture capital. A regulatory filing indicates that the deal is a Series A-1 recap. Backers include TMT Ventures, Tallwood Venture Capital and Jolimont Capital. The company previously had raised around $25 million over three rounds of funding. www.rio-inc.com