KAIAM :: Press ReleaseKaiam Closes $5M Series B to Accelerate Product IntroductionsNEWARK, CA – June 7, 2011 — Kaiam Corporation, a manufacturer of high performance photonic integrated circuits with a breakthrough optical integration technology, today announced that the Company has closed a Series B investment round of more than $5 million. TriplePoint Capital led the round, with participation from existing investor U.S. Venture Partners (USVP). The funds will be used to build out the Company’s infrastructure and expedite the transfer of the initial products for volume manufacturing. This equity investment is approximately equal to the amount from commercial partners Jim Labe of TriplePoint Capital said, “There is clearly a powerful unmet need for optical
integration across the various datacom and telecom applications. We see Kaiam's
MEMS-based optical integration as a platform technology applicable as much for high-
end high-capacity data transport as for low cost FTTH applications. The strong customer
pull for their initial products, accompanied by commercial contracts, is indicative of the
Company's value across the fiber optics communications space.” “We are very pleased with this vote of confidence in Kaiam, the market, and the ability
of our technology to satisfy expanding customer needs,” said Dr. Bardia Pezeshki, CEO
of Kaiam Corporation. “This funding puts us in a strong position to complete product
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