Picosecond Pulse Labs Raises $25 Million in Series A Funding

BOULDER, Colo., March 15 -- Picosecond Pulse Labs, Inc., a designer and manufacturer of high-speed optoelectronic components and modules for 10, 40 and 160 Gb/s long-haul optical communications systems, announced that it closed its Series A funding totaling $25 million. The capital will be used to expand Picosecond's existing 40 Gb/s component line, and to deliver the telecommunication industry's first comprehensive line of transmitter and receiver components to reach 40 Gb/s. Corning Inc. led this funding round.
Corning and Picosecond will explore the joint development of optoelectronic devices and modules for high-speed telecommunications fiber optic systems. The round includes investments from Finisar Corp. and Barrington Partners.
"Corning is committed to maintaining its leadership in the development of next-generation photonic products. Working with technology partners such as Picosecond is a key ingredient in our strategy, " said Rob Hannemann, Corning's vice president of Strategic Business Development. "We look forward to working with Picosecond in addressing the challenges of high-speed optical transmission."