LONDON Optical components group NanoOpto Corporation has closed an additional $2.5 million in third-round venture financing. The investment finalizes an oversubscribed C-round and brings the total investment in the Somerset, New Jersey based company to $46 million.
The startup that has recently started volume production of optical components using a novel nano-fabrication technology. Last month Japanese conglomerate Itochu Corp. joined a growing list of investors.
The latest money comes from two new venture capital groups, Masters Capital Nanotechnology LLC, and Nanostart AG.
NanoOpto has announced a range of products this year, including IR cut-off filters for digital imaging applications, waveplates for optical data storage and optical isolators for communications transceivers, and says it plans other rollouts scheduled throughout 2005.