Tuesday, December 18, 2018

Luxtera Acquired By Cisco For $660M

In a big exit for Southern California, Carlsbad-based Luxtera, a developer of optical semiconductors used in the high speed networking market, has been acquired by Cisco, in a deal worth $660M in cash and assumed equity options. According to Cisco, it will incorporate Luxtera's technology into its "intent-based" networking portfolio. Luxtera's semiconductors are used in optical transceivers, including 100GbE and 400GbE networks. Luxtera was venture backed by such investors as NEA, August Capital, Sevin Rosen, Funds, Lux Capital, and Tokyo Electron.

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