 The company received $130 million in funding and was acquired by Cisco Systems in 2019 for $660 million.The company was founded in 2001 by a group of professors and students at California Institute of Technology including Axel Scherer, Michael Hochberg, Tom Baehr-Jones, and Eli Yablonovitch.In 2006, the company received a $5 million contract from the Defense Advanced Research Projects Agency.