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Optiva raises $9 million

Optiva announced that it received $9 million in its initial third round of funding. Investors included AAFA Holdings, Altotech Ventures, ESN Group, Harris & Harris Group, NextGen Partners and Noval S.A. The company said it received commitments from additional investors for a second phase of third-round funding; it expects the round to close in the near future at a total of between $15 million and $20 million. Optiva makes optical coating materials that can be used in flat-panel computer monitors, eyewear, cameras and other products. The San Francisco-based company will use the funding for its operational, sales and new product marketing activities. Optiva previously raised a total of $10.3 million in its first and second rounds.

Optiva announced that it received $9 million in its initial third round of funding. Investors included AAFA Holdings, Altotech Ventures, ESN Group, Harris & Harris Group, NextGen Partners and Noval S.A. The company said it received commitments from additional investors for a second phase of third-round funding; it expects the round to close in the near future at a total of between $15 million and $20 million.

Optiva makes optical coating materials that can be used in flat-panel computer monitors, eyewear, cameras and other products. The San Francisco-based company will use the funding for its operational, sales and new product marketing activities. Optiva previously raised a total of $10.3 million in its first and second rounds.