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Sep 18th, 2012
CrossFiber completes $13.4 million series D financing
Three new VC's join existing investors to provide expansion capital for photonic switch maker.
CrossFiber Inc., the developer and manufacturer of breakthrough photonic switches that enable novel architectures in data centers and next-generation telco fiber optic networks, announced today the completion of the final tranche of its Series D funding, now totaling $13.4 million. The Company said that the majority of the funds have been and will continue to be used for rapid expansion of manufacturing capacity, to meet the high demand for LiteSwitch™ family of photonic switches. Southern Cross Venture Partners led the round, with participation from New Venture Partners, Arsenal Venture Partners and existing investors including Back Bay Management and PacifiCap.
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