POET Technologies closes $6.6 mln facility with Espresso
POET Technologies Inc, a Toronto-based semiconductor development and manufacturing company, has closed a bridge loan of up to $6.6 million. The source of the financing is Espresso Capital, a Canadian technology venture debt provider. Led by CEO Suresh Venkatesan, POET designs and makes optical light source products for the sensing and data communications markets. The company previously said it expects the proceeds to be used for advancing its optical interposer platform, working capital and other priorities.
11 April 2019•3 mins read
