Polatis, Inc. the performance leader in all-optical switch technology, announced it has secured $2.7 million (USD) in additional funding from the company’s existing investors. Polatis is a privately held company backed by well known technology-focused venture capital and private equity investment firms in the USA and Europe.
Financing secured for new product investment, scaling of production capacity and expansion of business development
This funding will be used to accelerate new product developments for growth markets in datacenter interconnect, carrier networking and government systems, further ramp inhouse manufacturing capability, and expand business development resources
worldwide.
“We are delighted that all of our major investors have contributed to this new round of funding,” said Gerald Wesel, president and CEO of Polatis. “It underlines the increasing demand from our customers for Polatis’ class-leading fiber-layer management solutions and shows we have real investor confidence and support for our business plans.”
Polatis’ investors include Flagship Ventures, JK&B Capital, DFJ Esprit, Encore Ventures, Alta-Berkeley Ventures, Massachusetts Technology Development Corporation, Prism VentureWorks and Gainesborough Investments.
About Polatis
Polatis delivers the world's lowest loss all-optical matrix switch solutions for remote
fiber-layer provisioning, protection, monitoring, reconfiguration and test, with over 1000 systems shipped to end users and network equipment manufacturers worldwide.
Dependable, field-proven DirectLightTM optical switch technology scales from 4x4 to
96x96 fiber ports, applying class-leading performance to provide dynamic optical
networking for telecommunications, datacenter, government, test and video markets.
Website: www.polatis.com
DirectLight is a registered trademark of Polatis, Inc.
No comments:
Post a Comment