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Polatis Captures $2.7M

2012-02-02
ANDOVER, MA, Developer of all-optical switch technology, announced on Thursday it has raised $2.7 in venture capital from the company's existing investors.
Polatis, a developer of all-optical switch technology, announced on Thursday it has raised $2.7 in venture capital from the company's existing investors. The company said it will use the funding to accelerate new product developments for growth markets in datacenter interconnect, carrier networking and government systems, further ramp in-house manufacturing capability, and expand business development resources. Investors in Polatis include Flagship Ventures, JK&B Capital, DFJ Esprit, Encore Ventures, Alta-Berkeley Ventures, Massachusetts Technology Development Corp., Prism VentureWorks and Gainesborough Investments.

Polatis is the world leader in optical switching technology innovations. Founded in 2005 as the merger of leading optical technology companies from Cambridge Massachusetts and Cambridge UK, Polatis combined products, technologies and resources to create new solutions for modern fiber-based networks.
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