CrossFiber, a developer and manufacturer of MEMS based photonic switches for use in data centers and next-generation telco fiber-optic networks, announced this week the completion of the final tranche of its Series D funding, now totaling $13.4 million. The company said that the majority of the funds have been and will continue to be used for rapid expansion of manufacturing capacity, to meet the high demand for its family of photonic switches. Southern Cross Venture Partners led the round, with participation from New Venture Partners, Arsenal Venture Partners and existing investors including Back Bay Management and PacifiCap.
"With unique technologies and products attracting tier-one customers, CrossFiber is leading the way in optical switching in data centers and telecommunications. We are delighted to be a part of CrossFiber's exciting story, and to work alongside such great domain expert investors as NVP, Arsenal, Back Bay, Trex, and PacifiCap," said Dr. Larry Marshall, Managing Director of Southern Cross. "We welcome the new investors in this rapid-growth stage of the company and thank all investors for their confidence and support," said Hus Tigli, President and CEO of CrossFiber.
CrossFiber also disclosed that it now owns the entire patent portfolio, invention and lab notebooks, manufacturing knowhow and 2D MEMS switch inventory of OMM. OMM was reportedly the inventor and pioneering manufacturer of the world's first Telcordia-qualified MEMS based photonic switch modules.
For data center owner/operators and fiber optic telco networks, CrossFiber manufactures photonic switches which, the company claims, offer the best combination of performance and cost. CrossFiber's all-optical switches feature 3D MEMS micro-mirror technology originally developed at OMM, combined with beam control innovations developed and licensed by Trex -- which incubated CrossFiber -- and CrossFiber's own innovations in beam control, switch architecture, and precision optics. With the expansion of opportunities in data centers and telco networks, CrossFiber has now been fully spun off as an independent company.
"We now own an even stronger IP portfolio and a deeper base of knowhow," said Hus Tigli, CrossFiber's President and CEO, who also served as the CEO of OMM. "Our core technologies, combined with our innovations in automated manufacturing and testing of precision parts enable us to serve customers demanding performance, economical solutions and volume manufacturing."
CrossFiber develops and manufactures photonic switches which combine 3D MEMS micro-mirrors on silicon, non-invasive beam steering (NIBS), and custom ASICs.