More funding for Cube, LightConnect

Oct. 1, 2002

Private equity firm Carlyle Group, and venture capital firm Target Partners, have led a second round of financing for Cube Optics, Mainz, Germany, totalling EUR10m. Cube has developed a next-gen assembly and manufacture platform, for mass-manufacture of miniaturised network components.

Cube's packaging and assembly platform enables it to mass-produce optical devices that cost less and are up to 100 times smaller than current devices.

Lightconnect has raised USD9m in third-round financing, led by Sevin Rosen Funds. Other participating investors include Incubic, Morgenthaler, US Trust, US Venture Partners and Optical Capital Group. This takes total investment to USD34m.

The new funding will be used to expand Lightconnect's MEMS-based product portfolio, which includes variable optical attenuators, dynamic gain equalisers and dynamic channel equalisers.

Lightconnect has increased production of its VOAs by 300% in the last quarter. "New automation initiatives have allowed us to boost productivity and shorten delivery times," said VP Sushil Shah.

Sponsored Recommendations

March 12, 2025
Join us for an engaging discussion with industry experts on the intersection of AI and optics. Moderated by Sean Buckley, editor-in-chief of Lightwave+BTR, this panel will explore...
March 7, 2025
In today’s hyperconnected world, rolling out and managing profitable, high-performance networks for access and transport will require innovative architectural approaches. The ...
April 9, 2025
As transceiver speeds increase, so do thermal challenges. Discover key insights into innovative cooling solutions that ensure optimal performance and reliability.
March 10, 2025
The continual movement around artificial intelligence (AI) cluster environments is driving new sales of optical transceiver sales and the adoption of linear pluggable optics (...