News Article
Picolight secures $27 million in its latest funding round
Picolight’s new funding injection will allow the company to continue ramping production of its 850 and 1310 nm VCSELs and VCSEL-based transceivers.
Picolight (Boulder, CO) has raised $27 million in its latest funding round, which included three of its original investment partners and a new investor, St. Paul Venture Capital. The financial injection will enable Picolight to continue to ramp the production of its optical transceiver product lines, that incorporate 850 and 1310 nm VCSELs and VCSEL arrays.
“Picolight targets the optical industry s fastest-growing markets for products used in enterprise applications, system backplanes and the emerging metro/access infrastructure,” said St. Paul Venture Capital general partner, Bill Cadogan, who joins Picolight’s board of directors. “With this investment in Picolight, we’re putting capital behind our conviction that the fundamental drivers of long-term telecommunications demand remain intact and that this market segment can and will create outstanding companies.”
