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Santur reels in $23 million

Santur announced Wednesday that it closed a $23 million second round of funding. Thomas Weisel Partners led the round with participation from all the company's former investors, including Sequoia Capital and Menlo Ventures. Menlo Ventures led the Fremont, Calif.-based company's $20 million first round in June 2001. Santur will use the financing to complete qualification of its tunable laser by Telcordia, a company that clears telecom equipment and components for use in the networks of Baby Bell phone companies such as Verizon Communications, SBC Communications and others. The company expects to receive qualification later this year.

    Santur announced Wednesday that it closed a $23 million second round of funding. Thomas Weisel Partners led the round with participation from all the company's former investors, including Sequoia Capital and Menlo Ventures. Menlo Ventures led the Fremont, Calif.-based company's $20 million first round in June 2001.

    Santur will use the financing to complete qualification of its tunable laser by Telcordia, a company that clears telecom equipment and components for use in the networks of Baby Bell phone companies such as Verizon Communications, SBC Communications and others. The company expects to receive qualification later this year.