VCSEL startup Alight Technologies gets new funding

August 11, 2004 Copenhagen -- Alight Technologies A/S today announced that it has closed a second round of financing totaling € 2.1 million. The investment secures liquidity for the company to bring new optical transmitter solutions to market.

August 11, 2004 Copenhagen -- Alight Technologies A/S today announced that it has closed a second round of financing totaling € 2.1 million. The investment secures liquidity for the company to bring new optical transmitter solutions to market.

The investment was led by Innfond, with participation from existing investors DTU-Innovation and V æ kstfonden.

Alight Technologies designs and manufacturer highly optimized VCSEL laser structures with high singlemode output power.

"Alight has proven their strong technology base for next-generation optical transmitters," asserts Claus Melgaard, CEO of InnFond. "Increased output power and significant cost reduction will drive optical communication closer to end-users in the coming years, and Alight is well positioned to become a market leader for optical transmitters."

"It has been interesting to follow the company's transition from a small technology start-up company to a market-oriented business with strong focus on bringing value to the customers around unique and dedicated light transmitter solutions," notes Ulla Brockenuss-Schack, CEO of DTU-Innovation. "It is really this kind of aggressive market strategies and a balance between product and market developments that brings success to high-tech companies today."

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