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Cosemi Connects With $8M

Irvine-based Cosemi Technologies, a developer of plug-and-play HDMI, DisplayPort and USB active optical cables, said on Tuesday that it has raised $8M in a strategic funding round. The funding came from Nitto Denko Corporation, a Japanese materials manufacturer. According to Cosemi, it will ues the new funding round to accelerate its growth, and also address a growing market in the area of high-speed, hybrid active optical interconnect solutions. Cosemi's cables provide both fiber optic speeds as well as power and control signals over copper, and offers up its cables into the areas of 4K/8K displays, video collaboration platforms, machine vision, as well as the personal computer market. The company said it expects the first of its solutions to be available as early as the second half of 2021. The company's President and CEO is Dr. Nguyen X. Nguyen. More information »