Funding for startups

LaserComm Grabs $21 Million

PLANO, Texas -- LaserComm, an innovator of photonic components and modules and a leader in managing chromatic dispersion in optical networks, today announced it has secured $21 million in fourth-round funding from internal investors, led by Morgan Stanley Venture Partners and Index Ventures. The new capital will allow LaserComm to support its growing customer base, scale manufacturing, expand its Hi-Mode (R) dispersion management product line, and introduce new products based on the company's core technology. In addition to the round's leaders, many of LaserComm's previous investors joined in the round, including Cedar Fund, GE Equity, Gilde Investment Funds, Giza Group, Link Technologies, and SSM Ventures. This additional funding brings LaserComm's cumulative financing to $77 million. Giuseppe Zocco, general partner at Index Ventures, joins LaserComm's Board of Directors with this round of funding. “Based on its unique technology, LaserComm provides a powerful and elegant solution to the problem of chromatic dispersion, which is already a key issue in today's 10 Gb/s optical networks and will become even more critical in the emerging 40 Gb/s optical networks environment,” said Mr. Zocco.LaserComm Inc.
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