CyOptics Raises $10 Million

CyOptics, a start-up based in Lehigh Valley, PA, secured $10 million in new financing for its optical engine technology for broadband metro and access communications solutions. CyOptics has developed "nano-tech" capable robotic manufacturing that delivers high uniformity and low cost for component modules for manufacturers of transceivers, transponders and line cards. The new funding round was led by JVP (Jerusalem Venture Partners) and joined by existing investors including Soros Private Equity Partners. http://www.cyoptics.com