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BinOptics Sees $13 Million New VC Round

Monday, December 19, 2011 5:30:00 AM PDT | VentureDeal Staff

Ithaca, New York -- Components developer BinOptics has secured $13.3 million in new venture capital investment.

BinOptics sells monolithically integrated optoelectronic components based on indium phosphide and other semiconductor materials.

The company is backed by a syndicate of venture capital firms.

BinOptics said it would use the funding to continue expansion of its existing product lines and develop new products.

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