BinOptics raises $10 million

Feb. 10, 2005 — BinOptics Corp., an Ithaca, N.Y. developer of integrated microphotonic chips for datacom, telecom, and optical storage applications, announced the closure of a $10 million Series B round of funding.

New investors FA Technology Ventures and ArrowPath Venture Capital joined previous investors Draper Fisher Jurvetson and Cayuga Venture Fund II in the round. The company says it will use the new funding to support product development and production scale-up.

BinOptics’ products are manufactured using its etched facet technology, which it says significantly reduces the cost of production, testing, and handling compared to conventional laser processing. The technology also enables monolithic integration of multiple functions on a single chip.

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