Iris Company Gets Huge Cash Infusion

AOptix Closes $42 Million Series E Funding (Press Release) 

AOptix announced that it has closed a $42 million Series E round of funding. This brings the total investment in the company to date to $123 million. All of the company's existing investors -- Clearstone Venture Partners, DAG Ventures, Kleiner Perkins Caufield & Byers, Northgate Capital and W Capital Partners -- participated in the round and were joined by a new investor, True Ventures. The proceeds will be used to support product development, sales and marketing as the company prepares to launch groundbreaking new products.