The Wall Street Journal notes that Google Capital, Google’s new equity fund launched earlier this year for growth-stage investments, has now made its first investment in China by investing in InnoLight Technology Corp. Google reportedly participated in a $38 million Series C round alongside Chinese venture firm Lightspeed China Partners. A bit more from the report on InnoLight’s technology:
The firm, along with Chinese venture firm Lightspeed China Partners, co-led a Series C round totaling $38 million into a Suzhou-based business called InnoLight Technology Corp., a manufacturer of high-speed optical transceivers that are used by computer servers… InnoLight’s transceivers enable servers to communicate with each other, by converting electrical signals created by one server into optical signals. These optical signals are then transported along fiber-optic cables to another server, then converted back into electrical signals… InnoLight’s customers include cloud operators and communications equipment manufacturers both in the U.S. and in China
Previously Google Capital had only invested in opportunities stateside including investments in SurveyMonkey, Lending Club, and Renaissance Learning originally announced back in February.
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