DenseLight Semiconductor has clinched $30 million from international venture capital firm 3i Group. Singapore-based DenseLight provides services for optical networks and has built an integrated optical subsystems on a single chip. The investment is expected to be issued over a 15-month period, although the initial seed fund of $1.2 million was made last October. 3i is the biggest individual shareholder in DenseLight. DenseLight is expected to introduce several of its new products in the United States and Europe in the coming weeks.
Nawaz Marican reported from Singapore.
Everything announced at WWDC: Get the latest on the new Mac Pro, iOS 13, Dark Mode for iPhone and more.
What Amazon's one-day shipping means for you: Amazon to decrease standard shipping time for Prime members from two days to one.
Discuss: DenseLight Semi secures $30 million
Be respectful, keep it civil and stay on topic. We delete comments that violate our policy, which we encourage you to read. Discussion threads can be closed at any time at our discretion.