Thursday, August 9, 2007

Xtera Gains $52M

Allen, Texas-based Xtera Communications said today that it has raised $52M in a round of funding. The round came from existing investors New Enterprise Associates and ARCH Venture Partners, along with new investor Wellcome Trust of London. Xtera Communications is developing optical networking products for communications companies. According to Xtera, Wellcome Trust took down approximately 50% of the offering. More information »