CrossFiber Completes $13M Funding Round
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
LATEST NEWS
- Exail Signs LLNL Contract, Partners with Eelume
Apr 26, 2024
- Menlo Moves U.S. HQ: Week in Brief: 4/26/2024
Apr 26, 2024
- Optofluidics Platform Keys Label-, Amplification-Free Rapid Diagnostic Tool
Apr 25, 2024
- DUV Lasers Made with Nonlinear Crystals Enhance Lithography Performance
Apr 25, 2024
- Teledyne e2v, Airy3D Collaborate on 3D Vision Solutions
Apr 24, 2024
- One-Step Hologram Generation Speeds 3D Display Creation
Apr 24, 2024
- Innovation Award Winners for Laser Technology Honored in Aachen
Apr 23, 2024
- Intech 2024: AI Arrives on the Shop Floor
Apr 22, 2024