Boston Business Journal May 6, 2004

Aegis procures $10M in VC

Aegis Semiconductor Inc., a Woburn-based company that makes optical systems, announced that it had secured $10 million in third-round venture financing.

The privately held company has now raised more than $27 million from investors and venture capitalists.

All of Aegis' existing investors invested in the Series C round, including St. Paul Venture Capital, Alta Partners, YankeeTek Ventures, Technology Venture Partners, Stata Venture Partners and Megunticook Management.

The capital will be used to speed revenue growth in the communications market as well as continue developing a technology platform called Active Thin Films, particularly in new markets, the company said.

Aegis makes low-cost dynamic optical components using its tunable thin-film technology.