29 Nov '11, 1pm

Deutsche Telekom gets in on optical chip startup

LONDON – German telecommunications operator Deutsche Telekom has joined Ericsson and Nokia Siemens Networks in investing in Skorpios Technologies Inc., a 2009 startup developing silicon photonic technology. Skorpios (Albuquerque, NM) has announced that T-Venture, Deutsche Telekom's venture capital arm, has provided $2 million in a follow-on addition to a $19 million Series B round of financing Skorpios said it had closed in September 2011. Investors in the first part of the Series B round were Ericsson, Nokia Siemens Networks and other unnamed communications companies along with previous investors Cottonwood Technology Fund and Sun Mountain Capital. "We are delighted to welcome Deutsche Telekom to the investment syndicate," said Stephen Krasulick, president and CEO of Skorpios Technologies, in a statement. "The support of global carriers, such as Deutsche Telekom, in addit...

Full article: http://www.eetimes.com/electronics-news/4230960/Deutsche-...

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