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Lynx Photonics Raises $5.5 Million at $17 Million Value
Lynx Photonics, a start-up in optical switch development, completed a
capital raising of $5.5 million at a company value of $17 million after
money. The Walden Israel venture capital fund, managed by Oded Rose, led the
investors with an investment of $2.25 million. Other investors included the
German concern Siemens.
With the completion of the capital raising, Lynx Photonics plans to begin
the beta stage, and hold product trials with a number of potential clients.
Lynx's star product is a WDM multiplexer. A multiplexer is a tool that
enables several channels to be transmitted simultaneously on a
communications line, so that a large number of users, who do not use the
whole bandwidth, can use the available infrastructure with maximum
efficiency.
Lynx's product will enable the removal of some of the traffic from urban
networks to specific neighborhoods, which is currently impossible. Lynx's
product enables this to be done dynamically; there is no need for advance
calibrating of the product, and the amount of traffic that it transfers can
be changed on demand.
Published by Israel's Business Arena on October 11, 1999
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