Monday, December 3, 2007

Alloptic Raises $24M

Livermore-based Alloptic, a developer of optical networking equipment, said this morning that it has raised $24M in a funding round. The firm said the round came from its current investors, Arcapita Ventures and Ritchie Capital Management. Alloptic said it would use the funding from global market expansion and to protect its patent portfolio. More information »