Optoscribe signs partnership with Japanese optical cable supplier Sumitomo

Archangels portfolio company, Optoscribe, announcing strategic co-operation with Sumitomo.

Optical cable pioneer Optoscribe has signed a strategic agreement with Japanese optical fibre supplier Sumitomo Electric Industries.

Financial arrangements surrounding the alliance have not been disclosed.

Last September, Optoscribe secured almost £3 million in funding to expand its operations and meet increasing consumer demand.

It announced it had successfully closed an investment round of £2.8m, which will allow the ­firm to grow its production ­capabilities and engineering resources.

The tie-up focuses on the provision of multicore fibre (MCF) components for data and telecoms use.

Private equity manager Maven Capital Partners co-led the investment round, together with existing investor, business angel investment syndicate Archangels, calling the tech company an “attractive” proposition.

The West Lothian firm also received ­further funding from Par Equity, the Scottish Investment Bank and its own ­management team.

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