Zolo Technologies, Inc., a developer and manufacturer of optical networking subsystems, announced it has raised $32.5 million in Series B financing. Zolo will use these funds to expand its production capacity, product development and marketing programs for the company's Zmux line of dense wavelength division multiplexing (DWDM) products.
The financing was led by Canaan Partners and included other new Zolo investors, 3i and Infineon Ventures. Also participating were existing Zolo investors: Crescendo Ventures, Morgenthaler Ventures, Anschutz Investment Company and Telecom Partners.
In February, Zolo Technologies announced it had begun delivery of its Zmux family of DWDM products, which combine high-performance, scalability, reliability and cost-efficiency with a design that facilitates high-yield production. Since that time, Zolo has delivered evaluation products to optical systems manufacturers. In March, the company introduced its first dual-input DWDM device.
About Zolo Technologies:
Zolo Technologies, Inc., founded in 1999, provides optical networking sub-systems focused on developing and manufacturing devices that enable telecommunications systems providers to substantially increase bandwidth at a significantly lower cost per channel. For more information, visit www.zolotech.com.