AOI Raises $10 Million in Second Round Funding

SUGAR LAND, Texas, Aug. 2 -- Applied Optoelectronics Inc. has completed a second round of private equity financing, raising approximately $10 million. The company designs and manufactures 1550-nm vertical-cavity surface-emitting lasers.

Technology Associates Management Co., a Plano, Texas-based venture capital group, led this funding round. Opnet Partners, based in New York, also participated. AOI raised $7.2 million in a first offering last year, bringing the company's total equity investment to date to $17 million.