Acacia Communications, a Maynard, MA-based provider of intelligent transceivers for ultra-high speed fiber optic transmission to the telecommunications infrastructure industry, raised $20m in funding.
The round was led by Summit Partners, with participation from existing investors Matrix Partners, Commonwealth Capital Ventures and Egan Managed Capital. In conjunction with the funding, Summit Partners Managing Director Peter Chung will join the company’s board.
The company intends to use the funds to expand into multiple markets and develops and/or acquires core technologies.
Founded by Mehrdad Givehchi, Benny Mikkelsen and Christian Rasmussen and led by President and CEO Raj Shanmugaraj, Acacia provides advanced solutions to the optical transport and network infrastructure equipment market for coherent 100G, 200G, 400G and beyond transceivers. In collaboration with customers and suppliers, the company designs, manufactures and sells optical transponder technology that enables customers to reduce overall development costs while increasing performance and reducing time to market.
Acacia has an office in Hazlet, New Jersey.
FinSMEs
15/05/2013