CoreOptics raises $25M for optical networking systems
CoreOptics designs 10/40/100 Gbps optical networking subsystems for tier-1 networks. Along with sales of optical fiber, the company also makes signal processing technology aimed at lowering error rates in transmission.
Founded in 2001, CoreOptics has taken over $90 million to date. The company is co-based in Nuremberg, Germany and Manchester, New Hampshire, with additional offices in San Jose, Calif.
The source of the the $25 million funding was not disclosed, but CoreOptic’s past backers include T-Com Venture Fund, GIMV, Crescendo Ventures, TVM Capital, High Tech Private Equity, Atila Ventures and Quest for Growth.
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About the Author, Chris Morrison
Chris Morrison writes about cleantech and environmental issues for VentureBeat, with occasional forays into gaming and semantic technology. He got his start writing about tech for Business 2.0 magazine, but quickly realized new media was the ticket when that institution closed its doors in 2007. Chris has also covered public equities and regulatory issues. He originally hails from southern Virginia, graduated from Evergreen State College in Washington, and now lives in San Francisco.