Google Capital leads investment charge in Cloud optical transceiver company

Google Capital leads investment charge in Cloud optical transceiver company

InnoLight has just closed a series C investment of $38 million

Google Capital and Lightspeed China Partners have led the charge to invest in Cloud computing optical transceiver company InnoLight.

The company has just closed a series C investment of $38 million.

Google Capital general partner, Gene Frantz, said InnoLight's technology was uniquely suited for next generation datacentre environments, and its vision and execution have been excellent.

"As Google Capital's second investment in Asia and first in China , InnoLight illustrates the kind of company and management team we seek to support."

InnoLight Technology Corporation designs, builds and markets high speed optical transceivers that enable rapid bandwidth expansion of Web 2.0 companies.

The company was founded in April 2008 with initial funding from China-Singapore Suzhou Industrial Park Ventures (now named Oriza Holdings) and Acorn Campus.

Headquartered in Suzhou, China, InnoLight has sale offices and research and development centres in mainland China, the US and Taiwan.

Customers include major Web 2.0 Cloud operators, tier-one equipment OEMs, and leading system integrators in North America, Europe and Asia.

Lightspeed China Partners managing director, James Mi, said InnoLight had industry leading technologies and products to address new generation datacentre needs, driven by the fast growth of Cloud computing.

"We are very excited to work with experienced management team at InnoLight," he said.

InnoLight chairman, Hsing Kung, said he was very excited to have world class investors like Google Capital and Lightspeed China Partners to invest in InnoLight.

"We look forward to working with them closely to bring InnoLight to become a world class optical component company."

InnoLight chief executive, Sheng Liu, said the company had experienced dramatic growth during the last three years, nearly doubling revenue every year.

"We are now a leader in 40Gbps optical transceivers and a first mover in 100Gbps solutions," he said.

"With the Series C investment, we will continue to strengthen our technology leadership and expand productive capacity to support the rapid growth of the Cloud computing industry."

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Tags James MiGoogle Capital general partnerLightspeed China Partners managing directorGene FrantzInnoLight chairmanHsing Kung

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