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NEA, August Capital join $21.7m financing round for optical chip specialist Luxtera

27 Feb 2012

NEA was among a host of investors making up a $21.7m financing round for optical computer chip specialist Luxtera.

August Capital, Sevin Rosen Funds and Lux Capital were also involved in the funding round for the company, which specialises in the silicon CMOS photonics expected to play a major role in future high-speed networks.

NEA currently has $11bn committed in capital projects and has funded more than 650 companies in the IT, energy technology and healthcare sectors.

Former Broadcom senior executive Martin Colombatto will join the Luxtera board of directors as part of the Series C financing deal.

He said, ““There is incredible talent at Luxtera and I look forward to helping to shape this defining industry transition as silicon CMOS photonics overcomes the limitations of copper interconnect.”

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