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French Optical Communications Company Raises €8 Million

7 Oct 2019, 21:28 UTC
French Optical Communications Company Raises €8 Million
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RENNES, France, October 3, 2019 (Cailabs PR) – French deep-tech company Cailabs wrapped up a new € 8 million [$8.8 million] fundraising campaign led by Supernova Invest with the participation of Definvest, the Ministry of the Armed Forces fund managed by Bpifrance ; Safran Corporate Ventures, lead investor in 2017; as well as Innovacom and Starquest Capital, its long-standing investors. With this funding, Cailabs has the necessary resources to rapidly develop its three main product lines at both an industrial and commercial level.

“Cailabs implements unique technologies in the field of photonics, whose military applications are numerous and very promising. It was therefore essential that the Ministry of Defense takes part in this fundraising, via the fund Definvest operated with Bpifrance,” said Florence Parly, French Ministry of Defense, who visited the company earlier today.

Since its creation in 2013, Cailabs designs, manufactures and sells innovative optical components.

The company has stood out in the world of telecom from the very beginning by developing a one-of-a-kind technology that controls the shape of light within an optical fiber in order to increase performance. Cailabs’ technology is able to carry data at speeds up to 1,000 times faster on existing fibers. Their technology ...

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