Polychromix raises $8 million

Feb. 2, 2004 — Polychromix Inc. (Profile, News, Web), a Woburn, Mass., developer of MEMS products for optical networking, raised $8 million in second round of funding, according to a news release.

New investor Siemens Venture Capital (News, Web) and existing investors Seed Capital Partners (News, Web) and Vanguard Ventures (News, Web) participated. Polychromix previously announced a $7 million first round financing in May 2002.

The company intends to use the funds to expand its manufacturing capacity, and research and development activities. Polychromix said it has received purchase orders and design wins from tier-one customers over the past several months.

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