NanoOpto – Profile
HQ: Somerset, NJ
Management: Barry Weinbaum is CEO and President. He took over in August 2001 after 21 years at Lucent and AT&T. The technology emerged from research at Princeton University. Go Tigers!
Investors: Recently raised $12M Series C from First Analysis, Morgenthaler Ventures, the Draper Fisher Jurvetson (DFJ) network (including DFJ Gotham Ventures and New England Ventures), Harris & Harris Group, and U.S. Trust’s Excelsior Venture Partners.
Business model: The company develops nano-fabrication technology to produce optical components that are intended to be smaller, less expensive, denser, and better performing than currently available optical components. Current applications include optical disk drives, digital imaging, communications, and projection displays.
Dirt: With real products on the market and a new infusion of cash to expand operations, NanoOpto continues its steady growth. It remains to be seen if the company can crank out its tiny products on a huge scale – this is a big concern for many manufacturers working on a nano-scale.