Merrimack, N.H.-based Xanoptix has raised $40 million in second-round financing to expand and enhance its optical
connection product offerings.
MMC Capital was lead backer. William Blair Capital Partners, EuclidSR Partners, Envest Entrepreneurial Investments, Optical Partners LLC, and Corning
Innovation Ventures also participated. Xanoptix has now raised $70 million since its founding in March 2000.
Xanoptix technology combines traditional electronic integrated circuits and high performance optics for the data communications, telecommunications and computing
markets.
"(The financing) allows us to bring to market the XTM series of optical transceiver products, which will introduce advanced product features such as significantly
increased scalability, speed, and reliability," said James Norrod, Xanoptix's CEO.
Norrod is the former chairman of ITK internationa, which was sold to Digi International in 1998. Previously, he was chairman, president and CEO of Telebit, a
dial-up networking company sold to Cisco Systems in 1997.
In addition to its corporate headquarters, privately held Xanoptix performs its product design development and manufacturing in Merrimack. It also maintains a sales
office in San Francisco. In all, the company employs 50 people.
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