Polatis Obtains $4,000,000 New Financing Round
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Feed Type
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Link
http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=70ecd329-9f3e-4114-9d53-5973b3dfb84f&Preview=1 -
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
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Venture Investor
Clydesdale Bank
