Monday, April 30, 2012

NeoPhotonics Receives $39.8M

Publicly held NeoPhotonics, which is based in San Jose, said today that it has raised $39.8M in shares of the firm in a private placement. The funding came from Russian investor RUSNANO. NeoPhotonics is a developer of photonic integrated circuits, modules, and subsystems for the high speed communications market. Sergey Polikarpov, RUSNANO Managing Director, has joined NeoPhotonics board wit hthe funding. More information »