Clariphy secures funding for MXSP ICs

Fabless semiconductor company Clariphy Communications has announced that it has secured $24m (£17m) in series C funding, which it will use to deliver a new class of single-chip MXSP ICs that increase an optical network’s reach and tolerance to impairments, while reducing cost of ownership for OEMs and service providers.

The financing includes new strategic investors Oclaro, a tier-one provider of optical communications and laser components, and multiple telecom OEMs.

All Clariphy’s existing venture investors participated in this round, including Norwest Venture Partners, Allegis Capital, Onset Ventures and Pacific General Partners.