AOptix Technologies, Inc., (www.aoptix.com) 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.
CAMPBELL, Calif. (BusinessWire EON) May 29, 2007 --
AOptix Technologies, Inc., (www.aoptix.com)
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.
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.”
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.”
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. www.dagventures.com
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. www.kpcb.com
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 &
business Internet. www.clearstone.com
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.
For more information, go to www.3i.com
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. For further information about Lehman
Brothers’ services, products and recruitment
opportunities, visit the Firm’s Web site at www.lehman.com
About the company
AOptix Technologies is a privately funded company with deep expertise
developing advanced optical products for a wide range of government and
civilian clientele. www.aoptix.com.
Interviews, Photos, Video B-Roll available by contacting:
Brian Rhea
Director of Corporate Communications
AOptix Technologies, Inc.
695 Campbell Technology Parkway
Campbell, CA 95008
brhea@aoptix.com
408-558-3818
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