Corona Optical Systems Raises $7.5 Million for Parallel Optics

Corona Optical Systems, a start-up based in Lombard, Illinois, raised $7.5 million in its Series B round of funding. The company is developing parallel optical modules for switching and routing equipment. Corona's initial product is a small, high channel count optical transmitter and receiver module. The new funding was led by Megunticook Management and Sterling Holding Company. The round also included previous investors Intel Capital, KB Partners, and Venture Investors.
http://www.coronasys.com