Santur Corp. closes on $23 million

June 27, 2002 — Santur Corp., an optical components company based in Fremont, Calif., announced the closing of a $23 million second round of venture financing. Thomas Weisel Venture Partners led the round, which included previous investors Sequoia Capital and Menlo Ventures, in addition to strategic investors.

Santur said it will use the funding to complete Telcordia qualification of its first product, the TL1010-C tunable laser, and to accelerate product development and delivery.

The company netted $20 million in its first round of funding in February 2001 and also secured a $10 million lease financing contract in June of last year.

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