Skorpios Technologies, an Albuquerque, NM-based developer of composite silicon photonic technology, has closed a $19m Series B round of financing.
Backers include founding investors Cottonwood Technology Fund and Sun Mountain Capital, as well as Ericsson, Nokia Siemens Networks and other undisclosed investors.
The company intends to use the funds to expand its infrastructure and complete the commercialization of its technology.
Founded in July 2009 and led by President and CEO Stephen Krasulick, Skorpios Technologies designs, develops and manufactures integrated optical modules and subsystems in support of the entire opto-electronic communications ecosystem. Its technology allows the generation, detection and modulation of light to be monolithically integrated with high-speed electronic circuits in a standard CMOS-compatible process known as Composite-Semiconductor on Insulator (C-SOI).
The company is currently hiring (click here).
FinSMEs
15/09/2011