Picosecond Pulse Adds Director, Funds
In a separate release: Picosecond Pulse Labs, Inc. (PSPL), a leading designer and manufacturer of high-speed optoelectronic components and modules for 10, 40 and 160 Gb/s long-haul optical communications systems, today announced that it closed its Series A funding totaling $25 million. The capital will be used to expand Picosecond's existing 40 Gb/s component line, and to deliver the telecommunication industry's first comprehensive line of transmitter and receiver components to reach 40 Gb/s.
Corning Inc. (NYSE: GLW), a worldwide leader in photonic products, optical fiber, and cable for the telecommunications industry, led this funding round. Corning and Picosecond will explore the joint development of optoelectronic devices and modules for high-speed telecommunications fiber-optic systems. The round includes investments from Finisar Corp. (NASDAQ: FNSR), a network fiber-optic subsystems and performance test systems provider, and Barrington Partners, an operations-oriented seed-stage technology venture firm, which invested in this round as a follow-on to its earlier investment in the company.