Verifiber raises cash for modulator development
Accelerating its efforts to develop a high-speed optical modulator for telecommunications, VeriFiber Technologies (Atlanta, GA) raised $1.5 million in venture capital. The capital represents the nine-person company`s first outside equity investment and will come from Alliance Technology Ventures (Atlanta, GA). The 1-mm-long modulator is based on the surface plasmon effect and is intended to compete with Mach-Zehnder and other high-speed modulators. Though optimistic, CEO Lee Thompson notes, "The physics looks very promising, but we have a long way to go before we can demonstrate the modulator`s potential."