Growth Capital, a new investor, completed the second close with a $7 million equity investment and was joined by Orix Venture Finance LLC, which provided an additional $7.5 million in debt financing. Investor Growth Capital joins previous investors BA Venture Partners, Vesbridge Partners and Coral Capital Management, which invested a total of $13 million in the first round.
Picolight said it will use the new financing to expand its operations, scale its manufacturing process and extend its 1310-nm VCSEL products from 4-Gigabit fiber channel to 10 Gigabit Ethernet at long reach over single-mode fiber.
Picolight's products are used in high-bandwidth optical systems in data center, enterprise, storage area and metro networking markets.
For more information, visit: www.picolight.com