IPtronics closes funding

Danish communications electronics developer IPtronics says it has secured $6 million in follow-up funding from existing investors, including private investor group 10IPT10 and venture capital funds Creandum and Sunstone Capital.

Danish communications electronics developer IPtronics says it has secured $6 million in follow-up funding from existing investors, including private investor group 10IPT10 and venture capital funds Creandum and Sunstone Capital. IPtronics will use the cash infusion to accelerate business development, pursue new opportunities, and strengthen its IP portfolio.

The company specializes in driver circuits for parallel optical interconnect applications (see, for example, “IPtronics releases four-channel TIA and VCSEL driver chip set,”“IPtronics targets low-cost, HDMI with parallel optics drivers and TIAs,” and “IPtronics offers silicon for 16-Gbps per channel parallel optics”). The company also has contributed technology to Intel’s Light Peak effort.

“When making our initial investment in IPtronics a couple of years ago, we made the bet that parallel optics would soon become the interconnect option of choice in computers,” said Jimmy Fussing Nielsen, a managing partner at Copenhagen-based Sunstone Capital. “The pace at which this becomes true has been a pleasant surprise.”

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