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Infinera, the Sunnyvale, Calif.-based provider of optical networking systems, has set its proposed IPO terms, at 14 million common shares being offered at between $10 and $12 per share.

We’ve written about this company several times before, including most recently when it first filed for its IPO. It is still losing money.

Since 2000, this company has raised more than $336 million from firms like Advanced Equities (owning 9.3 percent pre-IPO), Kleiner Perkins Caufield & Byers (9.3 percent), Mobius Venture Capital (7.8 percent), RWI Ventures (five percent), Benchmark Capital, Applied Materials Ventures, Cypress Semiconductor, Sprout Group, Venrock Associates, Worldview Technology Partners, Siebel Systems and Sutter Hill Ventures.

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