"I am pleased to see NeoPhotonics' unique nano-based technology being commercialized in planar components," said Bob Williams, general partner at Bay Partners. "It will dramatically decrease the cost of integration and has tremendous additional applications as a broad-based platform in the optical components sector."
Based in Fremont, California, NeoPhotonics uses its "laser reactive deposition" process to deposit nanoscale materials onto planar substrates. The technique uses a continuous wave carbon dioxide laser beam to initiate reactions between precursor chemicals, producing nanoscale particles. The company says the laser beam produces a controllable and highly stable heat source to drive the reaction.
CDP Capital - Technology Ventures, RockPort Capital Partners, Harris & Harris Group and Linkmore Capital joined existing investors Bay Partners, Venrock Associates, Institutional Venture Partners, SBV Venture Partners, Nth Power Technologies, Hydro Quebec CapiTech, Sands Brothers, Groupe Siparex, XR Ventures and Dow Corning Corporation and debt financier Dominion Ventures in completing the round, which was over-subscribed.