TeraXion Raises $10 Million for Optical Components

TeraXion, a start-up based in Quebec City, secured an additional $10 million in an ongoing second round of financing for its advanced optical components. TeraXion is preparing to launch new tunable components and functional modules for the next generation of optical networking systems. The new products include those acquired in the Phaethon Communications intellectual property rights transaction in December 2002. The new funding was led by SGF Tech and included the participation of existing investors, such as Business Development Bank of Canada (BDC) and Innovatech Québec, as well as new investor, Entrepia Inc.
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