Tech Company Financing Transactions
Polatis Funding Round
Polatis, based in Bedford, raised $4 million in funding from Clydesdale Bank.
Transaction Overview
Company Name
Announced On
11/1/2012
Transaction Type
Debt
Amount
$4,000,000
Round
Undisclosed
Investors
Clydesdale Bank (Mark Taylor)
Proceeds Purpose
The financing raised will be used primarily to expand Polatis' in-house manufacturing capability to meet strong customer demand for their latest Series 6000 optical matrix switch, enabling transparent connectivity for up to 192x192 fibre ports. It will also enable the company to fast-track product development for customers in growth markets such as telecom networks, datacentre interconnect and government systems.
Company Information
Company Status
Private & Independent
Industry
Networking
Mailing Address
213 Burlington Rd. 123
Bedford, MA 01730
USA
Bedford, MA 01730
USA
Phone
Website
Email Address
Overview
Polatis has set the benchmark in ultra-low loss optical switching. Its patented direct optical beam steering technology is powering the creation of highly reliable and compact photonic switching solutions.
Profile
Social Media
Company News
Facebook
YouTube
Management Team
Title
Name
Email & Social
President
Gerald Wesel
VP - Engineering
Nick Parsons
VP - Finance
Nick Warburton
VP - Operations
Jon Pebody
VP - Operations
Steve Whigham
VP - Sales
Drew Martin
Browse more venture capital transactions:
Prev: 11/1/2012: Advanced Cell Diagnostics venture capital transaction
Next: 11/1/2012: Zapier venture capital transaction
Share this article
About Database of VC Transactions
We report on every notable VC transaction. VC investment data records reported here come from company press releases and news coverage. The information is sourced from VentureDeal.com, an affiliated venture.
Additional Resources for Entrepreneurs