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AOptix Technologies Secures $12.9 Million in Venture Funding
March 20th, 2009 1 comment
Northgate Capital Latest to Join Investment Group
CAMPBELL, Calif. AOptix Technologies, Inc., (www.aoptix.com) a leading edge developer of advanced iris recognition systems and ultra-high bandwidth wireless optical communication solutions, today announced the close of a $12.9 million dollar financing round led by Northgate Capital of Danville, CA. Participation in the round also included leading venture capital firms, Kleiner Perkins Caufield & Byers, Clearstone Venture Partners, DAG Ventures, W Capital Partners and Lehman Brothers.
The company is building new products for emerging iris biometric and wireless optical transmission markets. AOptix is currently in production and launch of the company’s first commercial product release for the iris biometrics market, the InSight™ 2 Meter Iris Recognition System.
“In today’s economy, it is very reassuring to have our company backed by such an outstanding investment group. Their vision, leadership and continued commitment to pioneering innovative technology products is extraordinary,” says AOptix Chairman and CEO Dean Senner.
Recent defense contract wins have also accelerated the company’s free space optical (FSO) communications division. Ultra-high bandwidth optical wireless connections at long distances are achieved through their patented adaptive optics correction technology.
About Northgate Capital
Forging deep relationships has been the cornerstone of Northgate’s investment approach, as well as its interactions with its limited partners, which include many of the world’s premier foundations and endowments, high-net-worth families, pension plans and leading corporations. To learn more, please visit their website www.northgatecapital.com.
About AOptix Technologies
AOptix Technologies is a privately funded company founded in 2000. With core technology expertise in the application of advanced adaptive optics, they develop iris biometrics based identification solutions and free space optical communications solutions for both government and commercial markets. For additional information, please see www.aoptix.com.
Source: AOptix Technologies, Inc.
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Aoptix has a major problem. The optical component that is constucted at Aoptix has not been through reliability evaluations to speak of. The adaptive optical voice coil showed significant degredation at 85’C. MTBF is calculated to be less than 800 hours for both the biometeric and the free space com products.