Optimer Photonics Grabs $5.5M

COLUMBUS, Ohio -- Optimer Photonics, Inc. (OPI), a leading developer of functional optical materials and techniques for controlling light in optical waveguide structures, today announced it has successfully raised $5.5 million in equity financing in its latest funding round. Mitsubishi Corporation joined with Primaxis Technology Ventures, Inc. and Battelle, who participated in the seed round, to complete the new funding. "Optimer Photonics is pleased to have closed its Series A funding round with the participation of a new investor the caliber of Mitsubishi Corporation," said Phil Schofield, President and CEO of OPI. "Our ability to attract such a high impact investor while maintaining the continuing support of our seed shareholders is indicative of the company's compelling value proposition and technology platform." "Optimer Photonics is uniquely positioned to leverage new and innovative materials and applications technology capable of enabling new levels of functional integration in photonic applications," said Mr. Teruyuki Nakazawa, General Manager of Mitsubishi Corporation. Optimer Photonics Inc.