Ranovus, an Ottawa, Canada-based provider of multi-terabit interconnect solutions for datacenter and communications networks, raised $24m round of financing.
Backers included Azure Capital Partners, T-Venture, BDC Venture Capital, OMERS Ventures, and MaRS Investment Accelerator Fund.
The company intends to use the funds to accelerate its expansion plan to support product delivery into its global customer base.
Founded in February 2012 by Hamid Arabzadeh, Chairman, President and CEO, Ranovus provides high capacity interconnect solutions to enable scalable infrastructures to keep pace with the demand for network connectivity. Its product platform is enabled by innovation in Quantum Dot Multi-Wavelength Laser combined with advanced silicon photonics integrated circuit technologies that enable multi Tb/s connectivity over a single mode fiber pair.