Infinera scores $53 million

Fiber Optics Weekly Update, August 8, 2003

Infinera Corporation, a privately held company building optical networking solutions, announced it closed its Series D round with $53 million in new capital. The round was led by Mobius Venture Capital and included participation from all existing institutional investors, as well as new investors Argonaut Private Equity, Ontario Teachers Pension Plan (OTPP) and RWI Group.

Infinera has raised over $130 million in total equity financing to date. In conjunction with the financing, Gary Rieschel will take a seat on Infinera's Board of Directors. Mr. Rieschel joins Alex Balkanski, General Partner, Benchmark Capital, Vinod Khosla, General Partner, Kleiner Perkins Caufield & Byers, Dan Maydan, President Emeritus, Applied Materials, T.J. Rodgers, CEO, Cypress Semiconductor, and Pradeep Sindhu, CTO, Juniper Networks, on Infinera's Board of Directors.