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Memlink completes second round of funding
From The Jerusalem Post
August 16, 2000
The second round investors are Oak Investment Partners, Redwood Partners and
Lucent Venture Partners, joining Israel Seed Partners which invested $3m. in
the first round. Other investors in Memlink include Nisco industries,
MKG-SBC and private investors.
Memlink will use the funds to accelerate its product development, to
establish a US-based headquarters, and to set the foundations for its
manufacturing facilities.
"Memlink is developing a unique cross connect switch with breakthrough
performance and economics," said David Walrod of Oak.
"The combination of Memlink's stellar founding team, its revolutionary
technology, and the backing of a strong group of investors, makes Memlink
one of the most promising companies in the Optical Networking space"
Memlink was founded in 1999 to address the need for all-optical switching
solutions for the core fiber optic network.
"We are very excited about our new investors and the relationships they will
help us establish," said Dr. Avi Messica, general manager of Memlink.
"In addition to critical growth funding, this agreement also provides us
with world class partners from the venture capital community," he said.
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