Optical Networking Start-Up, Xros, Raises $20 Million; Unique Micro-Mirror Technology Will Change the Architecture of Optical Networks

Xros (Sunnyvale, CA) announced that it has received $20 million in venture capital funding from Menlo Ventures, New Enterprise Associates (NEA), and Greylock.

The company is developing optical networking systems using a revolutionary micro-mirror technology. This brings the total 1999 investment in Xros to $25 million. Xros was founded in 1996 to commercialize micro-mirror technology, and expects to disclose details of this early next year, with optical network systems product availability later in the year.