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Corona Optical Systems
Corona Optical Systems develop innovative, high-speed optoelectronic components and subsystems
About Corona Optical Systems
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.
Source: Dealroom company dataAt a glance
- Status
- Acquired
- Founded
- 2000
- Headquarters
- Lombard, United States
- Employees
- 2
- Open positions
- None listed
- Dealroom signal
- 23.0/100
- Industry
- Fintech, Semiconductors
- Sector
- Fintech, Intelligent Systems, Innovation Management, Hard Tech, DT and LS, science-based
- Technology
- Deep Tech
- Business model
- Manufacturing
- Client focus
- b2b
Knowledge graph
More headlines
Funding history
Company financing events and reported valuations.
| Deal type | Date | Amount | Valuation | Investors | Source |
|---|---|---|---|---|---|
| ACQUISITION✓Exit | Jul 2004 | $0 | — | Emcore | — |
| SERIES A✓Equity / VC | Mar 2001 | $12M | $48M | Intel Capital · Venture Investors Health Fund | — |
Growth signals
Latest recorded traffic for Corona Optical Systems is 0 monthly website visits. Corona Optical Systems's team grew 0% over the past year.
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Investments and acquisitions
Recent portfolio relationships for companies that also act as investors or acquirers.
Investors
From Dealroom's funding and investor records, grouped by the round each investor first entered.
Series A2 investors entered at this stage
Venture Investors Health Fund
Intel Capital
Other known investors1 additional known investor
Emcore
Source: Dealroom Talent Intelligence.
Global footprint
Market sentiment
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