Verizon Ventures leads €4 Million Series A financing round in PICadvanced
BASKING RIDGE, N.J., Aug. 05, 2020 (GLOBE NEWSWIRE) -- Verizon Ventures today announced it led a 4 million ($4.5 million) Series A financing round in PICadvanced (PICa), a developer of cost-effective optics and photonics solutions for telecom applications.
- BASKING RIDGE, N.J., Aug. 05, 2020 (GLOBE NEWSWIRE) -- Verizon Ventures today announced it led a 4 million ($4.5 million) Series A financing round in PICadvanced (PICa), a developer of cost-effective optics and photonics solutions for telecom applications.
- Joining Verizon Ventures in the round is a 200M Co-investment Fund managed by PME Investimentos, which makes co-investments in high-growth Portuguese startups.
- Were excited to work with the team at Verizon Ventures to solve for next-generation optical access - and learn from the experts on Verizons network team.
- "PICa is pioneering disruptive network technologies, and Verizon Ventures is excited to invest in the potential of solution-oriented optics for telecommunications applications, said Samy Ben Aissa, managing director at Verizon Ventures.