Next show in
 d  h  m
Back

Fabless semiconductor firm IPtronics secures $6m funding

19 July 2011
 
IPtronics, a supplier of electronic chips used in parallel optical modules, has secured $6m in follow-up funding from existing investors, including private investor group 10IPT10 and venture capital funds Creandum and Sunstone Capital.  The investment will be used to accelerate business development and to enhance the firm’s intellectual property portfolio.
 
IPtronics says that it continues to experience increased demand for its products, as a result of its highly competent design team and the growth in the market for parallel optical interconnects.
 
“When making our initial investment in IPtronics a couple of years ago, we made the bet that parallel optics would soon become the interconnect option of choice in computers,” said Jimmy Fussing Nielsen, a managing partner at Copenhagen-based Sunstone Capital.  “The pace at which this becomes true has been a pleasant surprise.”
 
By Pauline Rigby