CrossFiber Completes $13M Funding Round
SAN DIEGO, Sept. 13, 2012 — Photonic switch maker CrossFiber Inc. completed its Series D funding round with $13.4 million raised as three new venture captical companies joined existing investors.
CrossFiber said the majority of the funds will be used to rapidly expand its manufacturing capacity to meet the high demand for its LiteSwitch line of all-optical switches. The company's technologies combine 3-D microelectromechanical system (MEMS) micromirrors on silicon, noninvasive beam steering and custom ASICs (application-specific integrated circuits) for use in data centers and next-generation fiber optic networks.
Southern Cross Venture Partners led the round, with participation from New Venture Partners, Arsenal Venture Partners and existing investors including Back Bay Management and PacifiCap.
For more information, visit: www.crossfiber.com