Safran Corporate Ventures joined the fibre optic technology developer's existing investors for a $5.7m round that will support international sales.
CaiLabs, a France-based optical fibre component spinout of research facility Kastler-Brossel, has raised €5m ($5.7m) from investors including Safran Corporate Ventures, the strategic investment vehicle for aerospace and defence company Safran.
Safran was joined by CaiLabs’ current shareholders, the company said. It had previously raised €3.5m from investors including venture capital firms Innovacom and Starquest Capital, seed-stage VC fund Kima Ventures and undisclosed angel investors.
Founded in 2013, CaiLabs is developing light-shaping components used to maximise the efficiency of fibre optics used in the telecommunications industry. The funding will be used to enhance its commercial development and roll out its products to the international market.
Kastler-Brossel deals primarily in the fundamental physics of quantum systems. It is jointly operated by École normale supérieure, Pierre-and-Marie-Curie University, Collège de France and the French National Centre for Scientific Research (CNRS).
UK-based investment bank Drake Star Partners advised CaiLabs on the round.
– A version of this article first appeared on our sister site Global Corporate Venturing.
