Corona Optical Systems

Corona Optical Systems

Corona Optical Systems develop innovative, high-speed optoelectronic components and subsystems.

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Founded in 2000 by Bryan Gregory, Corona Optical Systems operated in the fiberoptic equipment industry from its headquarters in Lombard, Illinois. The company specialized in developing and manufacturing high-speed optoelectronic components and subsystems designed for carrier-class switching and routing equipment. Its primary offering was an ultra-small-form-factor transceiver, which found adoption among Tier 1 customers for deployment in high-density telecommunications switching boxes.

Corona Optical Systems secured a total of $21.9 million in funding over three rounds. The initial funding round occurred on March 20, 2001, raising $12.4 million in a Series A led by KB Partners and Intel Capital. This was followed by a Series B round on February 21, 2003, which brought in $7.5 million, led by Sterling Holdings and Megunticook Real Estate. Over its operational history, the company was supported by a total of seven institutional investors.

After four years of operation, Corona Optical Systems was acquired by Emcore on July 15, 2004, in a transaction that has been characterized as an acqui-hire. The acquisition marked the conclusion of the company's journey as an independent entity, integrating its technology and team into Emcore's portfolio.

Keywords: optoelectronic components, fiberoptic equipment, high-speed transceivers, telecom switching, routing equipment, optical modules, carrier-class equipment, optoelectronic subsystems, small-form-factor transceiver, Emcore acquisition, Bryan Gregory founder, KB Partners, Intel Capital, Sterling Holdings, Megunticook Real Estate

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