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16 November 2006


BinOptics to accelerate blue laser development with $6m funding

BinOptics Corporation of Ithaca, USA has received series C funding of $6m. New investor STIC International, the Palo Alto, USA-based arm of South Korea’s STIC Investments, a venture capital and financial equity group, led the funding. Previous investors, Draper Fisher Jurvetson, Cayuga Venture Fund, FA Technology Ventures, and ArrowPath Venture Partners, also participated.

Founded in 2000, BinOptics is a manufacturer of monolithically integrated laser chips based on proprietary etched-facet technology. According to the company, its technology enables monolithic integration of multiple functions on a single chip because of its flexibility and high yield. Its products include edge-emitting lasers with optional integrated monitoring detectors as well as what it says is the industry’s first horizontal-cavity surface-emitting laser (HCSEL), a high power, surface-emitting laser operating at the1310nm and 1550nm communication wavelengths.

“BinOptics has clearly demonstrated the value of its etched-facet technology to meet challenging performance and cost targets for InP-based communications devices, and has recently shown similar capability for GaN-based blue lasers,” said Steven Lee, partner at STIC International. “We believe BinOptics is poised to make a big impact in the global marketplace and are pleased to be able to contribute at this stage in the company’s growth.”

The company says the funding will support the scaling of its line of telecom and datacom lasers, and accelerate product development of etched-facet blue lasers for optical storage applications.