Monday, June 1, 2009

Polatis Raises $8 Million for Optical Switching

Polatis, a start-up based in Andover, Mass., raised $8 million in venture capital, for its low loss, all-optical switching products. Polatis all-optical products operate at the transport layer of fiber networks, providing the intelligent foundation for switching massive amounts of data traffic in a precise and automated way. It develops and manufactures low loss all-optical switches that scale to the largest networks in telecommunications, data center, government & defense, and test & measurement markets.

The new funding came from existing investors 3i Ventures, Alta-Berkeley Ventures, DFJ Esprit, Flagship Ventures, Gainesborough & Peponi Investments, JK&B Partners, and Massachusetts Technology Development Corporation.