Photuris Raises $40 million for Metro Optical Systems

Photuris, a start-up based in Piscataway, New Jersey, raised $40 million in series C funding for its metro regional optical transport systems. The Photuris platform, which was introduced in September, features a "Versicolor" capability that integrates four functions on a single optical line card: WDM demux/mux at the system input/output; fully flexible, reconfigurable OADM wavelength switching (any wavelength to any port, independent of any other wavelength); per-wavelength power balancing; and real-time per-wavelength optical power monitoring. The Photuris system also features "ADM-on-a-Wavelength" line cards that deliver SONET ADM terminal functionality, enabling transceivers to be added to hot-pluggable ports as services are activated. The platform could serve as a reconfigurable optical add/drop multiplexer for ring applications needing single wavelength granularity. Photuris said its architecture could provide CAPEX savings of 40% for full-mesh topologies, 35% for single-hub hybrid topologies and 23% for dual-hub hybrid topologies. The new funding came from Columbia Capital, Artiman Ventures and private investors. The company's total private capital raised to date is $105 million. Photuris also announced the appointment of Charles Childers as its new CEO, replacing Michael Pisterzi, who stepped down last month to pursue personal interests.
http://www.photuris.com