is about to complete a $50 million financing round, reports the hi-tech information company Dolev & Abramovich Hi-Tech Information. D&A reports that the company achieved a value of $250 million for the round.
Investors include American investment bank
, the venture capital arm of
Lasercomm makes photonic components for advanced optical networks. Its products are used to increase bandwidth, improve reliability and decrease the cost of services provided by communications providers.
In April this year, Lasercomm made Red Herring's Top 100 list together with
Lasercomm was founded in 1998 by CEO Eduardo Shoval, previously of
(Nasdaq:ACCD), and by CTO Yochay Danzinger.
Previous investors include
, GE Equity, and