LNL to announce $7.1M seed financing

Jan. 10, 2003 — LNL Technologies Inc., a Cambridge, Mass., developer of integrated photonic and optoelectronics chips with micron-scale waveguides, will announce on Monday that it has raised $7.1 million in seed funding to date, according to a company representative.

Investors include Adam Chowaniec, chairman and founder of Tundra Semiconductor; Larry Mohr, founder of Mohr, Davidow Ventures; Sandy Robertson, founder of Robertson Stephens Inc.; and members of the management team. The company will use the funds to commercialize its photonic miniaturization platform.

LNL was spun out of Massachusetts Institute of Technology in 2001. In addition to its Cambridge headquarters, it has product development and manufacturing operations in Ottawa and Singapore.

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