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Polatis Raises $8 Million

Polatis, a startup that makes optical switches from its bases in Andover, MA, and Cambridge, England, said today that it has obtained $8 million in new venture funding from existing investors 3i Ventures, Alta-Berkeley Ventures, DFJ Esprit, Flagship Ventures, Gainesborough & Peponi Investments, JK&B Partners, and the Massachusetts Technology Development Corporation. CEO Gerald Wesel said the capital will help the nine-year-old company expand worldwide sales channels for its switches, which accelerate network performance in areas with optical fiber networks.

Wade Roush is Xconomy's chief correspondent. You can e-mail him at wroush@xconomy.com, call him at (617) 252-7323, or follow him on Twitter at http://twitter.com/wroush.

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