Mesophotonics Second Round Nets $10 Million

SOUTHAMPTON, England, Jan. 30 -- Mesophotonics Ltd., a developer of disruptive photonic crystal technology, has announced the closing of a $10 million second-round fund raising. Quester led the investment; participants included Auriga Partners (Paris), NIF Ventures Co. Ltd (Tokyo) and existing investor BTG. As part of this investment, Jamie Brooke, of Quester, and Francois Lainee, of Auriga Partners, will join the Mesophotonics board of directors.

The company said the new funding will benefit its effort to move from a prototyping to a product development phase aimed at bringing a new class of photonic crystal optical devices to the market within two years. The company has already received its first purchase orders and is in discussions with a number of potential partners to bring further products to market.

Mesophotonics is commercializing photonic crystal technology that allows light to be bent, routed and processed at a sub-millimeter scale. The company said this will enable multiple optical functions and complex systems to be implemented at high density on a single silicon chip, leading the way to low-cost, high-volume production of integrated optical devices.

For more information, visit: www.mesophotonics.com