Polatis Announces 2nd Funding Round

CAMBRIDGE, UK, March 15 -- Polatis, developer of ultralow-loss photonic switches, has secured its second-round funding, raising $8.4 million. The investment round was led by Prelude Trust in addition to existing investors Alta Berkeley, 3i and new investor EonTech Ventures.

Polatis raised a first-round investment package of $3m in December 2000, which enabled it to develop its Micro Actuation Sensing System and its market-leading product, the <1dB all-optical switch. The company was founded by Andrew Dames in June 2000 as a spinout of Sentec Ltd.