Luxtera Acquisition by Cisco for Networking Boost

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Luxtera's acquisition by Cisco marked a significant milestone in the world of networking. Luxtera's innovative silicon photonics technology was a major factor in this acquisition.

Cisco acquired Luxtera in 2019 to boost its networking capabilities. This move aimed to enhance Cisco's data center and cloud networking solutions.

The acquisition was a strategic one, allowing Cisco to integrate Luxtera's technology into its existing product lines.

Products and Services

Luxtera's products were sold to companies for use in data centers, within telecom networks, or in companies themselves. The company's focus was on developing embedded optical transceivers.

Their embedded optical transceivers were designed to use the QSFP 100G PSM4 specification. This allowed for efficient and high-speed data transfer.

Luxtera's cables used a unique technology called silicon photonics. This technology enabled photonic data to be sent directly to semiconductors without first converting the data into electrical signals.

Luxtera's products were sold in a variety of formats, including QSFP 100G PSM4 specifications.

Consider reading: Recon Optical

Acquisition and Funding

Vibrant multicolor fiber optic cables against a dark setting, showcasing technology and design.
Credit: pexels.com, Vibrant multicolor fiber optic cables against a dark setting, showcasing technology and design.

Luxtera has been acquired by Cisco Systems for $660 million, a deal expected to close in Cisco's fiscal third-quarter 2019. This acquisition aims to boost Cisco's intent-based networking portfolio and expand 100-GbE and 400-GbE capabilities.

Cisco will pay $660 million in cash and assumed equity awards for the company, and Luxtera's team will join Cisco's Optics business under David Goeckeler.

Luxtera has raised a significant amount of funding over the years, totaling $154.32M across 9 rounds. The company's latest post-money valuation is from December 2018, but the exact figure is not disclosed due to subscription requirements.

Here's a breakdown of Luxtera's funding rounds:

SIC Code

The SIC code for Luxtera, Inc. is 367, 36.

Understanding the SIC code is crucial for companies like Luxtera, Inc. that are involved in the manufacturing of optical waveguide devices.

A SIC code of 367 classifies Luxtera, Inc. under the category of computer and office equipment manufacturing.

Companies with a SIC code of 36 are classified under the category of general industrial machinery and equipment.

The specific SIC codes assigned to Luxtera, Inc. provide valuable information about the company's operations and products.

Recommended read: Bank Sic Code

Cisco to Acquire for $660M to Boost Intent-Based Networking

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Cisco is acquiring Luxtera for $660 million to boost its intent-based networking capabilities. This acquisition will allow Cisco to expand its 100-GbE and 400-GbE capabilities.

The acquisition will combine Cisco's and Luxtera's capabilities in 100-GbE/400-GbE optics, silicon, and process technology. This will enable Cisco to build future-proof networks optimized for performance, reliability, and cost.

David Goeckeler, executive vice president and general manager of Cisco's Networking and Security Business, believes that optics is a fundamental technology to enable the future. He thinks that Luxtera's technology will allow customers to build the biggest, fastest, and most efficient networks in the world.

The acquisition is expected to close in Cisco's fiscal third-quarter 2019. Cisco will pay $660 million in cash and assumed equity awards for Luxtera.

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3 Deal Terms

Luxtera's deal structure is quite complex, but we can break it down into three key funding rounds: Acquired, Series B, and Series A. Each round has its own unique terms and conditions.

Close-up image of glowing fiber optics lights against a black background.
Credit: pexels.com, Close-up image of glowing fiber optics lights against a black background.

The funding date for the Acquired round is December 18, 2018, with a post-money valuation of $XXM. The funding date for Series B is $XXM, and Series A is $XXM.

Here's a summary of the deal terms for each round:

The general voting and board voting amounts are quite high, with $XXM and $XXM respectively for each round.

Funding, Valuation, Revenue

Luxtera has secured a significant amount of funding, with a total of $154.32M raised over 9 rounds.

The company's latest post-money valuation is from December 2018, but the exact amount is not specified.

Luxtera's funding rounds include acquisitions, growth equity investments, and series rounds, with investors such as Cisco participating in some of these rounds.

Here's a breakdown of Luxtera's funding rounds:

It's worth noting that the revenue figures for Luxtera are not specified in the provided information.

Leadership and Investors

Luxtera has a total of 10 investors, including Cisco, August Capital, and Sevin Rosen Funds. These investors have provided funding for various rounds, including Series A, Series B, and Growth Equity.

Cisco was an investor in Luxtera's Acquired funding round, which occurred on December 18, 2018. August Capital and Sevin Rosen Funds have also invested in multiple rounds, with a total of 7 rounds each.

Luxtera's investors are based in various locations, including California, Texas, Maryland, and New York.

Additional reading: Harry Rosen Inc.

Company Location

Low Angle Photo of Building Exterior
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Luxtera, Inc. is based in Carlsbad, California.

Who is Inc.'s VP of Engineering?

Peter De Dobbelaere is the VP Engineering of Luxtera, Inc.

Having a strong leadership team is crucial for any company's success, and it's interesting to see the different roles and responsibilities within that team. Peter De Dobbelaere is the VP Engineering of Luxtera, Inc., and his expertise is likely a valuable asset to the company.

Investors

Luxtera has a total of 10 investors, which is quite impressive. One of its notable investors is Cisco, which invested in Luxtera's acquired funding round in 2018.

Cisco's involvement with Luxtera is significant, as it was the only investor listed with a specific date for the acquired funding round, December 18, 2018. Another notable investor is August Capital, which has been involved with Luxtera for a longer period, from 2002 to 2014.

August Capital was involved in seven funding rounds, including Series A, Series B, and Growth Equity. Sevin Rosen Funds also participated in these rounds, with the same duration and types of funding.

Here's a list of Luxtera's investors, along with their types and locations:

These investors have played a crucial role in Luxtera's growth and success.

Comparison and Analysis

Credit: youtube.com, Luxtera at ISC'09

Luxtera's competitors in the silicon photonics space are pushing the boundaries of data transfer and connectivity. DustPhotonics, founded in 2017, offers a comprehensive technology platform for silicon photonics, providing solutions for high-volume scalability and cost-effectiveness.

Teramount, founded in 2013, specializes in optical connectivity solutions, integrating optics and silicon for data transfer. This integration enables seamless connectivity between devices.

Polaris Electro-Optics, founded in 2021, focuses on integrated photonics for communications and computation sectors. Its photonics products are designed for data transmission in various applications.

Avicena Tech, founded in 2019, develops optical interconnects for computing, focusing on low-power and high-bandwidth communications. Its microLED technology is used in high-performance computing and cloud computing.

Phoelex, founded in 2015, specializes in advanced connectivity solutions for high-speed data transmission. Its products integrate optical I/O directly onto chips, offering high data rates and energy efficiency.

MicroAlign, founded in 2021, develops fiber array technology for the photonics sector, ensuring precise connectivity between optical fibers and photonic integrated chips. This technology is used in applications such as quantum computing and communication.

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Rodolfo West

Senior Writer

Rodolfo West is a seasoned writer with a passion for crafting informative and engaging content. With a keen eye for detail and a deep understanding of the financial world, Rodolfo has established himself as a trusted voice in the realm of personal finance. His writing portfolio spans a range of topics, including gold investment and investment options, where he provides readers with valuable insights and expert advice.

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