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NanoOpto Gets $7 Million Series B Funding

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SOMERSET, N.J., Sept. 9 -- NanoOpto Corp., which is using proprietary nanofabrication technology to design and manufacture nano-optic devices for optical systems and networks, announced today it has closed on an additional $7 million, completing its Series B round of venture financing. This new round of financing is from existing equity partners Morgenthaler Ventures, Bessemer Venture Partners, Draper Fisher Jurvetson (DFJ) Gotham Ventures, DFJ New England Ventures, US Trust's Excelsior Venture Partners III LLC and the Harris & Harris Group.

The company said the new funding, which brings the total financing raised to date to $27 million, will enable NanoOpto to continue technology and product commercialization and advance into the revenue stage.

Chip Meakem of DFJ Gotham Ventures and Todd Hixon of DFJ New England have joined NanoOpto's board of directors.

NanoOpto is creating novel classes of optical components by manipulating light with nanoscale structures for a variety of applicaitons, including optical data transfer, telecommunications, sensors and displays.

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Sep 2003
CommunicationsConsumernano-optic devicesnanofabricationNanoOptoNews & FeaturesSensors & Detectors

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