Lightwave Microsystems Secures $48 Million in Financing

N/Aoptical component supplier <%=company%> Corp. has secured $48 million in a fourth round of financing. The capital is targeted for manufacturing expansion and the acceleration of new product development. This round adds to the $36 million the company has raised in previous rounds, bringing the total investment to $84 million.

Chase H&Q, a division of Chase Securities Inc., led the round, followed by Meritech Capital Ventures and supported by Lightwave Microsystems' existing investors including Bessemer Ventures, Draper Fisher Jurvetson, Information Technology Ventures, Morgenthaler Ventures, Oak Investment Partners, Weiss Peck & Greer Ventures, Worldview Technology, First Analysis of Chicago, and Comdisco.

Edited by Kristin Keiser