June 30, 2004 Monterey Park, CA -- Kotura Inc., developer of Silicon Opto-Electronic Integrated Circuits (SOEIC), today announced that it has secured $11million in funding from existing investors, ComVentures and ARCH Venture Partners.
"We are very fortunate to have the support of such exceptional venture capital firms, ComVentures and ARCH Venture Partners," contends Jean-Louis Malinge, CEO of Kotura. "This new round of funding is a strong endorsement of the progress we have made to date and the belief of our investors in the future of silicon as the ultimate platform for the integration of photonics and electronics. With this additional investment we can continue to leverage the advantages of silicon CMOS technologies to develop next-generation opto-electronic technologies and products," he says.
Kotura develops, manufactures, and sells silicon integrated opto-electronics products for the optical communications industry. The company's initial product, the UltraVOA variable optical attenuator array, is a monolithic silicon device with the fastest response time available, contends the company.
"Kotura has made excellent progress in the development of integrated silicon opto-electronic devices that offer significant advantages in terms of performance, size, and cost," contends Cliff Higgerson, partner at ComVentures and a member of the board of directors. "These factors are extremely important to our customers and will facilitate advances in next-generation products in the communications and defense industries."
"ARCH is pleased to provide funding support for Kotura," adds Patrick Ennis, partner at ARCH Venture Partners, and member of the board of directors. "We view this investment as a strategic opportunity to continue to invest in a company that is strongly positioned to exploit the advantages of proven silicon CMOS processes for the integration of multi-function opto-electronic devices."