Cosemi Technologies Inc., an Irvine, Calif.-based global leader in innovative, high-speed connectivity solutions, closed an $8m strategic funding round.
The round was led by Nitto Denko Corp. (OTCMKTS: NDEKY), an Osaka-based diversified materials manufacturer and Cosemi technology and solutions partner.
The company intends to use the funds to accelerate growth and address the growing market opportunity for its high-speed, hybrid active optical interconnect solutions.
Led by president and CEO Dr. Nguyen X. Nguyen, Cosemi designs and develops high-volume, high-performance, plug-and-play HDMI, DisplayPort and USB active optical cables (AOCs) that provide the performance and speed of fiber optics, along with the legacy support of control and power delivery over copper wire, in hybrid cable assemblies.
The company is a pioneer in the development of hybrid active cables that are suited for many market segments including 4K/8K displays, video collaboration platforms, machine vision, universal personal computing connectivity for enterprise and work-from-home applications, automotive, AR/VR, e-sport gaming and entertainment.