Polatis raises $2.7m
Cambridge based Polatis – a performance leader in all-optical switch technology – has secured $2.7M in additional funding from its existing investors.
Polatis is a privately held company backed by well known technology-focused venture capital and private equity investment firms in the US and Europe.The funding will be used to accelerate new product developments for growth markets in data centre interconnect, carrier networking and government systems, further ramp in-house manufacturing capability and expand business development resources worldwide.
Gerald Wesel, president and CEO of Polatis said: “We are delighted that all of our major investors have contributed to this new round of funding. It underlines the increasing demand from our customers for Polatis’ class leading fibre-layer management solutions and shows we have real investor confidence and support for our business plans.”
Polatis’ investors include Flagship Ventures, JK&B Capital, DFJ Esprit, Encore Ventures, Alta-Berkeley Ventures, Massachusetts Technology Development Corporation, Prism VentureWorks and Gainesborough Investments.
Polatis delivers the world's lowest loss all-optical matrix switch solutions for remote fibre-layer provisioning, protection, monitoring, reconfiguration and test, with over 1000 systems shipped to end users and network equipment manufacturers worldwide.
Field-proven DirectLightTM optical switch technology scales from 4x4 to
96x96 fibre ports, applying class-leading performance to provide dynamic optical networking for telecommunications, datacenter, government, test and video markets.
