NanoOpto capitalization climbs to $42.3 million

March 23, 2005
March 23, 2005, Somerset, NJ--NanoOpto has closed on $12 million in Series C round venture financing. The total financing raised by NanoOpto to date is $42.3 million.

March 23, 2005, Somerset, NJ--NanoOpto closed on $12 million in Series C round venture financing. The total financing raised by NanoOpto to date is $42.3 million.

"NanoOpto is now in volume production, shipping its unique optical devices to a broad range of markets, including optical disk drives, digital imaging, projection displays, and communications," said Barry Weinbaum, president and CEO of NanoOpto.

So far in 2005, NanoOpto has announced a range of new product offerings that includes IR cut-off filters for digital imaging applications, waveplates for optical data storage applications, and optical isolators for communications transceivers. NanoOpto's general product capabilities inlcude polarizers, phase retarders, filters and dynamic optics, as well as integrated optical systems and subsytems utilizing UV, visible, and IR wavelengths.

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