InnoLight Technology Corporation Announced Series C Funding of USD $38 million
29 Sep, 2014, 15:00 BST
SUZHOU, China and SANTA CLARA, California, Sept. 29, 2014 /PRNewswire/ -- InnoLight Technology Corporation, the leader in next generation cloud computing optical transceivers, today announced the closing of Series C investment of $38 million led by Google Capital and Lightspeed China Partners.
Gene Frantz, General Partner of Google Capital, commented, "InnoLight's technology is uniquely suited for next generation data center environments, and its vision and execution have been excellent. As Google Capital's second investment in Asia and first in China, InnoLight illustrates the kind of company and management team we seek to support."
James Mi, Managing Director of Lightspeed China Partners, commented, "InnoLight has industry leading technologies and products to address new generation data center needs, driven by the fast growth of cloud computing. We are very excited to work with experienced management team at InnoLight."
"We are very excited to have world class investors like Google Capital and Lightspeed China Partners to invest in InnoLight. We look forward to working with them closely to bring InnoLight to become a world class optical component company," said Dr. Hsing Kung, Chairman of the Board of InnoLight.
"InnoLight has experienced dramatic growth during the last three years, nearly doubling revenue every year. We are now a leader in 40Gbps optical transceivers and a first mover in 100Gbps solutions. With the Series C investment, we will continue to strengthen our technology leadership and expand productive capacity to support the rapid growth of the cloud computing industry," said Dr. Sheng Liu, Chief Executive Officer of InnoLight.
About InnoLight
InnoLight Technology Corporation designs, builds and markets high speed optical transceivers that enable rapid bandwidth expansion of Web 2.0 companies. Its solutions offer superior technical performance, compelling value proposition, and time to market advantage that are critical for the sustaining growth of next generation data centers.
InnoLight was founded in April 2008 with initial funding from China-Singapore Suzhou Industrial Park Ventures (now named Oriza Holdings) and Acorn Campus. Headquartered in Suzhou, China, InnoLight has sale offices and R&D centers in mainland China, the U.S. and Taiwan. Customers include major Web 2.0 cloud operators, tier-one equipment OEMs, and leading system integrators in North America, Europe and Asia.
SOURCE InnoLight Technology Corporation