NEWARK, Calif.--(BUSINESS WIRE)--Kaiam Corporation, a manufacturer of high performance photonic integrated circuits with a breakthrough optical integration technology, today announced that the Company has closed a Series B investment round of more than $5 million. TriplePoint Capital led the round, with participation from existing investor U.S. Venture Partners (USVP). The funds will be used to build out the Company’s infrastructure and expedite the transfer of the initial products for volume manufacturing. This equity investment is approximately equal to the amount from commercial partners for product development.
Jim Labe of TriplePoint Capital said, “There is clearly a powerful unmet need for optical integration across the various datacom and telecom applications. We see Kaiam's MEMS-based optical integration as a platform technology applicable as much for high-end high-capacity data transport as for low cost FTTH applications. The strong customer pull for their initial products, accompanied by commercial contracts, is indicative of the Company's value across the fiber optics communications space.”
“We are very pleased with this vote of confidence in Kaiam, the market, and the ability of our technology to satisfy expanding customer needs,” said Dr. Bardia Pezeshki, CEO of Kaiam Corporation. “This funding puts us in a strong position to complete product qualifications and meet the production needs of our customers.”
About Kaiam Corporation:
Headquartered in Newark, California, Kaiam Corporation is a private company funded to develop products based on photonic integrated circuits (PICs). Founded by leading technologists from the optical networking industry, the team has a record of delivering breakthrough approaches that change the rules of the marketplace. It is currently working with multiple partners to deliver PIC-based products for various applications. For more information, visit www.kaiamcorp.com.
About TriplePoint Capital:
TriplePoint Capital is the leading global specialty finance company devoted to serving high-growth private equity and venture capital backed companies throughout their lifespan with debt financing, equity capital, and complementary services. With unparalleled levels of creativity, flexibility and customer service, TriplePoint Capital has been the primary debt financing provider to YouTube, Facebook, Gilt Group, Square, Gevo, Ilypsa, Suniva, Proteolix and numerous other high profile technology, cleantech, and life sciences companies. TriplePoint Capital is uniquely qualified as the only provider equipped to meet the needs of high-growth companies at every stage of their development. Headquarted on Sand Hill Road in Menlo Park, California, TriplePoint Capital partners with high-growth companies around the world. For more information, visit www.triplepointcapital.com.