Alloptic Raises $24 Million

Alloptic Inc., a Livermore, Calif.-based developer of optical networking equipment for the delivery of converged services, has raised $24 million in Series B funding. Return backers include Arcapita Ventures and Ritchie Capital Management.

 

PRESS RELEASE

Alloptic, Inc. a global leader in the design and development of optical networking equipment for the delivery of converged services, announced it has secured an additional $24 million in a funding round led by its current investors, Arcapita Ventures and Ritchie Capital Management. The additional funds will fuel the company's continued global market expansion, extend its leadership position with the MicroNode