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AOptix Technologies Raises $15 Million In New Venture Funding

Campbell, California – May 29, 2007:   AOptix Technologies, Inc., a leading edge developer of advanced iris recognition systems and ultra-high bandwidth laser communication solutions, announced today the close of a $15 million dollar financing round led by DAG Ventures, located in Palo Alto, CA. Participation in
  the round also included leading venture capital firms Kleiner Perkins Caufield & Byers, Clearstone, 3i and Lehman Brothers. The investment will fuel the next generation of biometric iris capture and high bandwidth laser communications solutions.

According to Red Herring, this Series C funding round marks the $50 million dollar milestone for the venture backed company.

Tom Goodrich, co-founder of DAG Ventures, says, “We are very excited to be joining the AOptix Technologies team. They have applied their powerful adaptive optics technology in new and innovative ways to develop advanced iris recognition and laser communication systems. These leading edge solutions will provide their customers with capability and performance previously not available in the marketplace. Remarkable company – experienced leadership with tremendous capability to meet the challenges of today’s world.”
 
Free Space Optics, Willebrand
According to company President and CEO, Dean Senner, “This is an exciting time for AOptix as we firmly establish our leadership position in laser communications and prepare to revolutionize the biometics iris identification market with our disruptive technology and innovative new products. Our target market segments are extremely positive about the value propositions we offer. We’re delivering next generation solutions that will change the future of iris recognition and laser communications.”


Previous News:  
AOptix Technologies Introduces AO-Based FSO Communications Product, June 2005.
Lehman Brothers and 3i Co-Lead Series B Investment in AOptix Technologies, Mar 2002.


About DAG Ventures:  
DAG Ventures is a venture capital partnership investing in and helping outstanding entrepreneurs create leading, long-term companies across a range of markets. With roots from the 1980’s in cable TV, infrastructure, media, and wireless industries, the partnership today is privileged to work with world-class entrepreneurs as they build tomorrow’s leaders in the information technology, energy, and life science sectors.

About KPCB:  
Since its founding in 1972, KPCB has backed entrepreneurs in 450 ventures, including AOL, Align, Amazon.com, Citrix, Compaq Computer, Electronic Arts, Genentech, Genomic Health, Genprobe, Google, Hybritech, IDEC Pharmaceuticals, Intuit, Juniper Networks, Netscape, Ligand Pharmaceuticals, Lotus, Nuvasive, Sun Microsystems, Symantec, Verisign and Xilinx. KPCB portfolio companies employ more than 250,000 people. More than 150 of the firm's portfolio companies have gone public. Many other ventures have achieved success through mergers and acquisitions.

About Clearstone Venture Partners:  
Clearstone Venture Partners provides venture capital for technology innovators. With offices in Santa Monica and Menlo Park, California, Clearstone has $650 million of committed capital to invest across the horizon of technology markets including software, enterprise infrastructure, storage, communications, security, wireless, semiconductors, advanced optics and both consumer and business Internet.

About 3i:  
3i is a world leader in private equity and venture capital. They focus on Buyouts, Growth Capital and Venture Capital and invest across Europe, in the United States and in Asia. Their competitive advantage comes from their international network and the strength and breadth of their relationships in business. These underpin the value that they deliver to their portfolio and to their shareholders.

About Lehman Brothers:  
Lehman Brothers (ticker symbol: LEH), an innovator in global finance, serves the financial needs of corporations, governments and municipalities, institutional clients, and high net worth individuals worldwide.

About AOptix Technologies:  
AOptix Technologies is a privately funded company with deep expertise developing advanced optical products for a wide range of government and civilian clientele.

 
Full Press Release
 

© 2007
 
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