EFFECT Photonics raises additional $24 million
The company says this new funding brings the total raised in its Series D round to $62 million, which it plans to use to further develop and scale its solutions for high-performance networking
EFFECT Photonics, a provider of next-generation coherent optical solutions for datacentre and edge networks, has announced it has raised an additional $24 million as part of its Series D financing round, bringing the total raised in the round to $62 million.
According to EFFECT Photonics, the new capital underscores the ongoing commitment of existing investors and their continued confidence in the company’s leadership in coherent technology and growing commercial momentum with leading industry partners.
“This funding milestone reinforces the strong market demand we’re seeing and allows us to execute aggressively on our roadmap,” said Roberto Marcoccia, CEO of EFFECT Photonics. “We’re grateful for the continued support of our investors and partners as we scale to meet the needs of a rapidly growing optical interconnect market.”
