June 09, 2011 – Enhanced Online News — Kaiam Corporation, high-performance photonic IC maker, closed its Series B investment round with over $5 million. TriplePoint Capital, which led the round, cited Kaiam’s MEMS-based optical integration as "applicable as much for high-end high-capacity data transport as for low cost FTTH applications."
TriplePoint Capital was joined by existing investor U.S. Venture Partners (USVP). This equity investment approximately equals the amount commercial partners have provided for product development.
Kaiam will use the funds to ramp its initial products to volume manufacturing, and build out related infrastructure.
Jim Labe, TriplePoint Capital, said datacom and telecom sectors have an "unmet need" for optical ICs, and called Kaiam’s MEMS-based optical integration "a platform technology applicable as much for high-end high-capacity data transport as for low cost FTTH applications." He added that customer and commercial demand for Kaiam’s initial products pointed to the company as a good investment.
Kaiam Corporation develops products based on photonic integrated circuits (PICs). For more information, visit www.kaiamcorp.com.
TriplePoint Capital is a global specialty finance company serving high-growth private equity and venture-capital-backed companies. For more information, visit www.triplepointcapital.com.
Also read: Electronic + photonic + MEMS chip