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Onix Microsystems

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Designs, develops, and supplies micro-electro-mechanical systems (MEMS)-based all-optical switching engines

Richmond, United StatesFounded 1998Other B2B Software
Valuation $500M–1B Last recorded · 2001
Total funding $100–500M Disclosed equity funding
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About Onix Microsystems

Onix Microsystems, Inc. operates within the telecommunications equipment sector, specializing in the design, development, and supply of micro-electro-mechanical systems (MEMS)-based all-optical switching engines.

Established in October 1998 and headquartered in Richmond, California, the company was founded by individuals including Behrang Behin, Kam Yin Lau, and Richard Muller. From its inception, Onix aimed to address the growing need for advanced optical switching solutions in communications networks. Over the years, the company has had several leaders, including Steve Panyko and later Curtis Crawford, a semiconductor industry veteran who previously led Zilog Inc. and served as chairman of ON Semiconductor Corp.

The core of Onix's business is the development of MEMS-based, optically transparent switching engines for telecommunications equipment suppliers. Its technology utilizes movable micro-mirrors fabricated on silicon chips to direct light beams between optical fibers, enabling a range of optical switching applications. These applications include network protection and provisioning, optical add-drop multiplexing (OADM), and optical cross-connects for both long-haul and metropolitan markets. The company's product portfolio has featured switching engines with varying port counts, such as the 8x8 "Passport" engine for network protection and the high port count (256 to 4000) "Transport" family for next-generation optical switches. In addition to its products, Onix Microsystems provides MEMS design and photonic packaging services.

The company successfully secured significant funding during its early years. It completed a $95 million Series C round on August 6, 2001, with investments from firms like Azure Capital Partners, Advanced Technology Ventures, and JK&B Capital. In the same period, it also secured a $20 million capital equipment facility to purchase equipment and construct a cleanroom facility. A strategic partnership was also formed with Analog Devices Inc. to co-develop and prepare Onix's switching engines for pre-production.

Source: Dealroom company data

At a glance

Status
Closed
Founded
1998
Headquarters
Richmond, United States
Open positions
None listed
Dealroom signal
0.0/100
Industry
Telecom, Enterprise Software
Sector
Other B2B Software, Communications Infrastructure, Packaging and Containers, Spinout
Business model
Manufacturing, SaaS
Client focus
b2b

Funding history

4 recorded events

Company financing events and reported valuations.

Deal typeDateAmountValuationInvestorsSource
SERIES COther financing Aug 2001 $95M $380M Deutsche Venture Capital · JK&B Capital —
SERIES COther financing Mar 2001 $70M $280M JK&B Capital —
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Growth signals

Onix Microsystems website traffic

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Investments and acquisitions

Capital deployed

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Investors

6 investors on the cap table

From Dealroom's funding and investor records, grouped by the round each investor first entered.

Series A3 investors entered at this stage

  • Advanced Technology Ventures
  • Bank of America
  • Azure Capital Partners

Series B and later2 investors entered at this stage

  • JK&B Capital
  • Deutsche Venture Capital

Other known investors1 additional known investor

  • University of California, Berkeley
Team profiled 1 named & role-tagged
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Global footprint

Workforce and web traffic by country
Workforce by country
🇺🇸 United States · Richmond HQ
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Market sentiment

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