Dustphotonics Secures $33 Million In Funding To Fuel Development Of Its Silicon Photonics Technology

DustPhotonics, a leading developer of silicon photonics technology and solutions, announced today a new investment and corporate reorganization to align with new business opportunities and corporate strategy. This investment, totalling $33 million, was led by Greenfield Partners, who join DustPhotonics' Round B investors Intel Capital, veteran entrepreneur Avigdor Willenz, and others. In addition, the company also announced it has completed an organizational realignment to support its strategic and business direction. The company will focus its resources on silicon photonics solutions and phase out its Transceivers product line