Luxtera Inc., a Carlsbad-based fabless semiconductor company, said Feb. 27 that it closed a $21.7 million C round of financing, which included existing investors NEA, August Capital, Sevin Rosen Funds, and Lux Capital, and new investors Tokyo Electron and an unnamed “industry titan.”
Founded in 2001, Luxtera said it will use the capital to support design win opportunities and market adoption of its technology.
In addition to the financing news, Luxtera said it named Martin Colombatto to its board of directors. Colombatto most recently served as CEO and president of Staccato Communications, an ultra wide band wireless company based in San Diego. Before that, he served as vice president and general manager of Broadcom’s networking business unit.