Polatis Obtains $4,000,000 New Financing Round

  • Feed Type
  • Date
    11/1/2012
  • Company Name
    Polatis
  • Mailing Address
    One Tech Drive Andover, MA 01810
  • Company Description
    Polatis has set the benchmark in ultra-low loss optical switching. Its patented direct optical beam steering technology is powering the creation of highly reliable and compact photonic switching solutions.
  • Website
    http://www.polatis.com
  • Transaction Type
    Debt
  • Transaction Amount
    $4,000,000
  • Transaction Round
    Undisclosed
  • Proceeds Purposes
    The financing raised will be used primarily to expand Polatis’ in-house manufacturing capability to meet strong customer demand for their latest Series 6000 optical matrix switch, enabling transparent connectivity for up to 192×192 fibre ports. It will also enable the company to fast-track product development for customers in growth markets such as telecom networks, datacentre interconnect and government systems.
  • M&A Terms
  • Venture Investor
    Clydesdale Bank

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