CEO Sheau Chen
MARKET Develops fiber-optic networking technology targeted at metropolitan and local area networks.
Product families include WaveSplitter, a narrowband dense wavelength division multiplexing (DWDM)
device used to combine multiple, low-speed transmissions into one high-speed transmission; WavePump,
an optical signal amplifier; and WaveAD, a device that lets network administrators add wavelengths to
networks. In September introduced WaveXpander, a DWDM channel multiplier targeted at metropolitan
networks. Customers are systems integrators. Competes with E-Tek Dynamics and JDS Uniphase.
FINANCE Not profitable. Raised a first round of $8 million in July 1998 from the Mayfield Fund and Lucent
Technologies. Raised a third round of $21 million in September 1999 from CDIB Venture Management,
Lucent Venture Partners, Goldman Sachs, Star Ventures, Newbury Ventures, NIF Ventures, Sumitomo
Electric Industries, and TDF/Ssang Yongs, and prior investors. Total capital raised: $32 million. Company
was originally called Applied Fiber Optics before changing its name in February 1999. CEO joined the
company in 1996. He holds a Ph.D. in physical chemistry and was previously an engineer at Intel and an
executive at XMR.