Picolight Closes $10M Funding Round

Picolight, a start-up based in Boulder, Colorado, closed raised $10 million in new venture funding for its high-speed opto-electronic sub-components and fiber optic transceivers. Picolight supplies a 1310nm vertical cavity surface-emitting laser (VCSEL) to metro access applications. It also supplies fiber optic transceivers for enterprise and storage applications. The new funding was led by St. Paul Venture Capital and BA Venture Partners (Bank of America). http://www.picolight.com