Company raises $20 million in a third round of venture funding, led by Crosslink Capital and Goldman Sachs.
Opthos has completed its $21.6 million second round, bringing the total amount raised to $36.5 million since the telecommunications gear maker started in March 2000, the company announced Tuesday. Advanced Technology Ventures and the Sprout Group led the round, which included contributions from past investors Ken Oshman and the Venture Law Group. Crosslink Capital made its first investment in the company. Opthos makes optical gear for metropolitan networks, networks that handle data within urban areas as opposed to long-haul networks, which run between cities. CEO Robert Lundy said in an interview that he expects the funding to last until the summer of 2002, and added that the company has signed trial agreements with two companies that will finish in the first quarter of 2002. He also expects revenue from Opthos's IW1000 gear in the second quarter.