LaserComm, a developer of photonic components and modules, today announced it has secured $21 million in fourth-round funding from internal investors, led by Morgan Stanley Venture Partners and Index Ventures.
The new capital will allow LaserComm to support its growing customer base, scale manufacturing, expand its Hi-Mode dispersion-management product line, and introduce new products based on the company's core technology.
In addition to the round's leaders, many of LaserComm's previous investors joined in the round, including Cedar Fund, GE Equity, Gilde Investment Funds, Giza Group, Link Technologies, and SSM Ventures. This additional funding brings LaserComm's cumulative financing to $77 million, officials said.
LaserComm's first commercial product line, the Hi-Mode Dispersion Management Device (DMD), reverses the negative effects of chromatic dispersion -- a "blurring" of light pulses in fiber -- that cause data errors in optical networks. Based on breakthrough photonics technology, the Hi-Mode DMD actually changes the relative speed of light, resulting in clear data signals at rates 4 to 16 times faster, with hundreds of channels, over thousands of miles.
The Hi-Mode DMD enables system vendors and service providers to dramatically improve performance, lower transmission costs, and realize greater value from existing fiber infrastructures, LaserComm said.
LaserComm also manages chromatic dispersion in optical networks.
The company is currently delivering its Hi-Mode DMD to leading dense wavelength division multiplexing (DWDM) system vendors worldwide.
LaserComm has headquarters and manufacturing facilities in Plano, Texas, and a Product Development & Photonic Research Center in Tel Aviv, Israel.
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