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.
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.