Cognigine Secures $14.5 Million In Second-Round Financing For Delivering OC-192 Optical Systems ProcessorsFREMONT, Calif., Aug. 3 /PRNewswire/ -- Cognigine Corporation, a developer of next generation configurable communication platforms today announced that it has closed its second round of financing, securing $14.5 million and is gearing up to deliver Optical Systems Processors capable of handling OC-192 and scaling to OC-768 wire speeds, thus providing system designers with a single chip high bandwidth solution. Lucent Venture Partners led the financing, which included investments from Wasserstein Adelson Ventures, VantagePoint Venture Partners, and Stanford University. Additional participation came from first-round investors Draper Fisher Jurvetson and Wasatch Venture Fund. "We recognized the enormous potential for Cognigine's technology in Optical Communications and chose to invest in it'', said Neil Vasant, of Lucent Venture Partners. "We are looking forward to working with the team at Cognigine to assist in growing the business.'' Cognigine's President & CEO Nick Kucharewski said, "This round of financing is important to us because it represents an expanded level of support from some of the top venture firms in the communications market. Their focus in communications will definitely assist us in building a leading company for high-performance communication processors.'' The company will use the funds raised in this round to deliver its first generation product -- an OC-192 Optical Systems Processor, scalable to OC-768 speeds and to build its sales, marketing and manufacturing infrastructure. About CognigineCognigine Corporation, based in Fremont, Calif., is a venture-backed semiconductor company focused on next generation configurable communications processors for Broadband and Optical Networking applications. Cognigine started operations in early 1998 and has developed a Variable Instruction Set Computing (VISC(TM)) platform which offers customers the highest levels of performance, integration and scalability, at the lowest power, applicable for high bandwidth communication applications. For more information, please visit the Cognigine web site at www.cognigine.com. Contact:
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