LaserComm secures $21 million

Jan. 15., 2002 - LaserComm (Plano, TX) announced that it secured fourth-round funding in the amount of $21 million from internal investors led by Morgan Stanley Venture Partners and Index Ventures. Previous investors Cedar Fund, GE Equity, Gilde Investment Funds, Giza Group, Link Technologies, and SSM Ventures also joined in the round.

The infusion of capital will allow LaserComm to support its growing customer base, scale manufacturing, expand its dispersion management product line, and introduce new products. The additional funding brings LaserComm's cumulative total financing to $77 million.