Phaethon Communications Closes $22.1 Million Series B Funding Round; New Investors Goldman Sachs and Cisco Systems Join Returning Investors Mohr, Davidow Ventures and The Photonics Fund.

Business Wire | March 7, 2001 | Copyright

Business Editors/High-Tech Writers

FREMONT, Calif.--(BUSINESS WIRE)--March 7, 2001

Phaethon Communications, an innovator in photonics technology, today announced that it has closed a Series B investment round totaling $22.1 million, led by The Goldman Sachs Group Inc. and its affiliates along with Cisco Systems Inc., Mohr, Davidow Ventures (MDV) and The Photonics Fund. Phaethon plans to use this capital to increase its investment in engineering, sales and marketing and to build its manufacturing facilities.

"We're very pleased with the quality of ...

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