Novera Optics develops low-cost, high-performance optical access solutions to overcome the bandwidth bottlenecks in copper-based last mile networks.
Novera Optics λ-PON™ optical solutions, based on advanced wavelength-locked WDM-PON (Wavelength Division Multiplexed Passive Optical Network) technology, enable equipment vendors and service providers to address multiple markets with a single product. These markets include FTTB (Fiber-To-The-Building) and FTTC (Fiber-To-The-Curb) extensions, MxU (Multi-Dwelling and Multi-Tenant Units), RT (Remote Terminals), and the CO (Central Office).
Novera Optics was acquired by LG-Nortel in 8/08 for approximately $16M in cash, plus up to $10M in earn out.
Financials
| Date | Type | Amount | Investors | Valuation |
|---|---|---|---|---|
| 12/31/07 | Series E | 1.8M | GE healthymagination Fund, OrbiMed Israel Partners L.P., Kleiner Perkins Caufield Byers, American Express Ventures, Qualcomm Life Fund, Shasta, Southern Cross, Fidelity Growth Partners India, iHaniel, WuXi PharmaTech, Mid-Atlantic Angel Group, Delaware Crossing Investment Group, Triage Ventures, Horizon Technology Finance Corp. | Unknown |