Wednesday, May 15, 2013

Acacia Raises $20 million for 100G Modules

Acacia Communications raised $20 million in new venture funding for its coherent OIF-compliant AC100 modules.

Acacia designs, manufactures and sells leading-edge optical transponder modules for coherent 100G and above.  The company is headquartered in Maynard MA and has an office in Hazlet, New Jersey. It was founded by Mehrdad Givehchi, Benny Mikkelsen and Christian Rasmussen.

Summit Partners served as the lead investor, with existing investors Matrix Partners, Commonwealth Capital Ventures and Egan Managed Capital also participating in the round.

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