Cidra scores $100 million in private financing round

Cisco Systems Inc.e sweet in start-up land, judging by the recent private placement of Wallingford, Connecticut-based Cidra Corp. The tunable photonic component and subsystem manufacturer closed on a $100 million round of equity funding from Amerindo Investment Advisors Inc., <%=company%> (San Jose, CA) and others.

Cidra will use the money to ramp up manufacturing capacity as well as accelerate its product development activities. The company is developing tunable devices based on Bragg grating technology; it also produces wavelength division multiplexed fiber optic sensing systems for the oil and gas industry.

Edited by Kristin Lewotsky, VerticalNet Inc.