NanoOpto Secures Additional $4 Million

SOMERSET, N.J., April 18 -- NanoOpto Corp., a spinout of Princeton University using propriety nano-optics and nanomanufacturing technology to develop components for optical networking, announced it has received an additional $4 million, completing its Series A round of venture financing. The new financing is from DFJ New England, DFJ Gotham and the Harris & Harris Group, with matching investments from existing equity partners Bessemer Venture Partners, Morgenthaler Ventures, New Enterprise Associates and US Trust’s Excelsior Venture Partners III LLC. NanoOpto has to date raised a total of $20 million.

NanoOpto is designing and manufacturing subwavelength optical elements (SOEs), which increase the density, functionality and integration levels of optical systems while reducing overall costs. SOEs are manufactured using proprietary nanofabrication technology that can produce nano-optical components on a chip. NanoOpto is shipping samples of its polarization management subwavelength optical components to prospective customers for testing, and is producing its first wafer in its new nanofabrication facility at its Somerset headquarters.