Sept. 30, 2002 — Cube Optics AG, a Mainz, Germany-based provider of fiber optic components, has secured $9.9 million in first round financing, according to Sven Kruger, manager of marketing and communications.
The round was led by new investors The Carlyle Group and Target Partners. Previous investors STAR Ventures and Sevin Rosen Funds also participated.
The 20-person company, founded in August 2000, previously received seed financing in October 2000. Kruger said via e-mail that the current financing will be to “spend on R&D to extend our product range as well as on marketing and sales for gaining further market traction.” He said the company is now funded until at least 2005.