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Santur Corporation Secures $13 Million in Funding to Expand Intelligent Integration(TM)Proceeds to Fuel Continued New Product Introductions (July 27, 2009)
FREMONT, CA -- (Marketwire) -- 07/27/09 -- Santur Corporation, the world's leading supplier of tunable solutions and parallel array devices using Intelligent Integration(TM), today announced that the company has secured more than $13 Million in funding from existing investors. "Investors are excited by our recent product introductions, our near term roadmap, and the strength of Santur's business model," stated Paul Meissner, Santur President and CEO. "We are encouraged by this strong show of support in the midst of a difficult economic climate." Menlo Ventures led the round with participation from existing investors including Sequoia Capital and VantagePoint Venture Partners.
Santur will focus the funds raised on the new product required to meet pent up demand for high bandwidth, photonic integrated devices in their Tunable and EPIC(TM) product lines. This announcement comes on the heels of Santur's successful new 100G client-side and line-side product and technology based on Intelligent Integration(TM) demonstrated at OFC '09 and Interop 2009.
About Santur Corporation
Headquartered in Fremont, California, Santur Corporation is the world's leading supplier of tunable solutions and parallel array devices using Intelligent Integration. The company is backed by a number of investors including Menlo Ventures, Sequoia Capital, VantagePoint Venture Partners, and Thomas Weisel Venture Partners.
About Menlo Ventures
Since its inception in 1976, Menlo Ventures has been helping visionary leaders turn technical innovations into world-class companies. Menlo has over $2.7 billion under management in nine venture capital funds, and currently focuses their investment capital in the Internet infrastructure and services, software, and communications sectors. The Menlo Ventures team is a group of investment professionals with hundreds of years of collective experience in technology, marketing, sales and general management. Their combined knowledge and expertise support emerging growth companies in achieving their maximum potential. Menlo Ventures has invested in over 240 companies in the past 25 years. Many of these companies have become leaders in their respective markets. Some of the earlier portfolio companies Menlo has helped grow include UUNET Technologies, Xros, Cyras Systems, Hotmail Corporation, Infoseek Corporation and Clarify. Menlo Ventures is proud of their reputation as highly skilled and ethical investors who can help new companies define strategy, recruit the best management talent, forge industry partnerships and corporate alliances and attract investment capital.
About Sequoia Capital
Sequoia Capital provides venture capital funding to founders of startups who want to turn business ideas into companies. As the "entrepreneurs behind the entrepreneurs," Sequoia Capital's partners have worked with innovators such as Steve Jobs of Apple Computer, Larry Ellison of Oracle, Bob Swanson of Linear Technology, Sandy Lerner and Len Bozack of Cisco Systems, Dan Warmenhoven of NetApp, Jerry Yang and David Filo of Yahoo!, Jen-Hsun Huang of nVIDIA, Michael Marks of Flextronics, Larry Page and Sergey Brin of Google, Chad Hurley and Steve Chen of YouTube and Dominic Orr and Keerti Melkote of Aruba Wireless Networks. To learn more about Sequoia Capital visit www.sequoiacap.com.
About VantagePoint Venture Partners
VantagePoint Venture Partners is a leader in investing in 21st Century technologies and partners with entrepreneurs in the CleanTech, Healthcare and Information Technology sectors. With a large investment team of experts, a broad network of Strategic Partners and Senior Advisors, and more than $4.5 billion in committed capital, the Firm has the depth of resources to help build transformative companies that are clear leaders in their fields. The Silicon Valley Firm has investments in more than 70 companies, including notable CleanTech companies Better Place, BridgeLux, BrightSource Energy, Miasolé, Premium Power, Tesla Motors and others. For more information, visit www.vpvp.com.
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