Trillium Photonics Inc., an optical-systems company, said it has received $29 million in its second round financing led by Spectrum Equity Investors along with JK&B Capital, Mitsubishi Corporation's U.S. subsidiaries and continuing investor Mohr, Davidow Ventures (MDV).
Ottawa, Canada-based Trillium said it plans to use the new capital to increase its investment in product development as well as to expand the company's sales, marketing and manufacturing.
Trillium Photonics' optical-system portfolio uses patented technology to achieve what it calls "radical performance gains" in optical networks. Its family of intelligent optical amplifiers is uniquely positioned to make optical networks dramatically less costly, more scalable, and simpler, officials also said.
The firm was founded by scientists Dr. Piotr Myslinski and Dr. Simon Boothroyd, who have collectively more than 40 years of research in photonics. Trillium recently moved to a new facility in Ottawa, and established a Silicon Valley presence opening a sales office in Pleasanton, Calif.
"We are fundamentally changing the way that service providers can grow and develop their networks," said Brian Jervis, Trillium president and chief executive officer, in a statement. "Our portfolio of intelligent optical amplifiers delivers dramatic improvements in the flexibility and economics for existing high performance DWDM optical networks, and scales seamlessly to enable the dynamic networks that are emerging today."
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