Polatis Raises $8 Million
Wade Roush6/2/09
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.
