Nistica Closes $8.5M Equity and Debt Financing Round
Published On February 1, 2011 |
Nistica, a Bridgewater, NJ-based supplier of agile optical networking modules, closed a $8.5m equity and debt financing round.
The $5.5m Series D equity round was co-led by Battelle Ventures and Technology Venture Partners, with participation from Novitas Capital, Fujikura Limited, NTT Electronics Corporation, MMV Investment Partners and other individual investors.
MMV Financial provided $3m of debt financing.
As stated by CEO Ashish Vengsarkar, Nistica intends to use the infusion to launch new products that enable the creation of colorless, directionless networks unconstrained by grids.
Formed in January 2005, the company globally supplies agile optical modules that are designed to simplify, automate and make affordable the delivery of high-bandwidth applications, enabling systems providers across multiple industries to meet ever-increasing demand.