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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