LONDON Andrew Rickman, a researcher into the use of silicon as a waveguide and optical signal processing medium and founder of optical component maker Bookham Inc., has led a $10 million investment round in Kotura Inc. (Monterey Park, Calif.) and been appointed chairman of the board of directors.
Kotura makes silicon photonic products including variable optical attenuators that make use of free-carrier absorption from carriers injected into a silicon waveguide by a PIN diode.
"I am extremely pleased to be expanding my involvement with Kotura as chairman and as a significant investor," said Rickman, in a statement. "The Kotura team is world-class and very experienced in silicon photonics. The company's manufacturing process is underpinned by two decades of development and an extensive patent portfolio. Kotura has the relationships with both customers and application partners for significant scaling of output," he added.
The $10 million Series C round of investment was lead by Rickman, with all of Kotura’s existing investors participating in the round.
The investors include Arch Venture Partners, ComVentures, GF Private Equity, Rockley Ventures and Viterbi Group LLC. Rockley Ventures Ltd. (Marlborough, England) is the investment vehicle of Andrew Rickman and Viterbi Group was founded in 2000 by Andrew Viterbi, a founder of Qualcomm Corp.
"With this new round of financing and Andrew’s appointment as Chairman, Kotura is well positioned to exploit the new business opportunities in silicon photonics," said Jean-Louis Malinge, president and CEO of Kotura, in a statement.
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