Ciena raises $26 million in venture financing

Ciena raises $26 million in venture financing

Fiberoptic-equipment start-u¥company Ciena Corp. (Columbia, MD) has raised more than $26 million in its third round of venture financing, added to the approximately $14 million raised during the first two rounds. Ciena will use the funds to operationally finance the company and to begin production. The company manufactures high-capacity fiberoptic transmission systems; initial deliveries are slated for spring 1996.