IPTronics raises development cash from several private investors  

2006.10.16
Denmark's IPTronics, which develops high-tech chips for computers, has raised DKK 13 m from a number of private investors
IPTronics, a Danish firm which develops high-tech chips for computers, has raised DKK 13 m (USD 2.1 m) from a number of private investors in its second round of funding. The cash will be used primarily for sales and marketing. IPTronics is aiming to become a leading supplier of integrated circuits for the emerging market for short reach optical interconnections, which are forecast to replace high speed electrical connections in next generation computer systems and storage networks.
 
Henrik Johansen, one of the investors in IPTronics, comments: "I worked closely together with IPTronics management in both Giga and Intel Corporation, and I am convinced they are able to convert their strong professional skills and experience into world-class results – for the benefit of customers, staff and shareholders."
 
IPTronics was founded in 2003 by four former Giga managers who acquired their capital from the sale of Giga to Intel in 2000. The company has developed a chip technology featuring low cost, low power and small sized optical modules which computer manufacturers will adopt in next generation systems to overcome the physical constraints from using copper based connections over high speed interfaces and in backplanes.
 
The news was reported by financial daily newspaper Børsen and on IPTronics' website.
 
Link > IPTronics 

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