Google's growth equity fund co-led a round for the cloud computing component maker that will be used to enhance its production capabilities.

InnoLight Technology Corporation, a China-based producer of cloud computing optical transceivers, has closed a $38m series C round co-led by Google Capital, internet company Google’s growth equity unit.

Venture capital firm Lightspeed China Partners also participated in the round, which will be used to expand Innospring’s production capacity in order to keep up with the growth of the cloud computing industry.

Founded in 2008, the company’s past investors include China-Singapore Suzhou Industrial Park Ventures, the investment holding company now known…