Calient Networks close $20M fourth round

Jan. 12, 2004 — Calient Networks Inc., a San Jose, Calif., provider of MEMS-based photonic switching systems and software, announced the closure of $20 million in fourth round funding.

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New investor Sofinnova Ventures co-led the round along with existing investors Enterprise Partners and TeleSoft Partners. Existing investors Storm Ventures and Van Wagoner Funds and new investor SDL Ventures also participated.

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The company anticipates a second closing in March for as much as an additional $10 million.

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