Internet Photonics Gets $31M in Funding

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Internet Photonics Inc. has closed a third venture-capital fund-raising
round, adding $31 million to its coffers.

The optical Ethernet-transport company has now raised $63 million since
October 2000, with new investors ComVentures and Telesoft Partners joining
previous investors Sprout Group and New Venture Partners LLC.

Internet Photonics provides gigabit-Ethernet and
dense-wave-division-multiplexing technology that some cable operators are using
for video-on-demand rollouts.