NanoOpto Raises $12 Million

SOMERSET, N.J., March 22 -- NanoOpto Corp., a maker of nano-optic devices for optical components and systems, announced it has closed on $12 million in third-round funding, lead by private investor First Analysis.

Also participating are existing equity partners Morgenthaler Ventures, the Draper Fisher Jurvetson (DFJ) network (including DFJ Gotham Ventures and New England Ventures), Harris & Harris Group and US Trust’s Excelsior Venture Partners III LLC. Total financing raised by NanoOpto to date is $42.3 million.

Barry Weinbaum, president and CEO of NanoOpto, said the company has begun volume production and shipping of its optical devices to a variety of markets. New products include infrared cutoff filters for digital imaging applications, wave plates for optical data storage applications and optical isolators for communications transceivers. The company said its future product capabilities include extensions for polarizers, polarizing beamsplitter/combiners, wave plates and filters, lens arrays and integrated components.

For more information, visit: www.nanoopto.com