AllOptic raises $24M for high-bandwidth equipment

AllOptic is a maker of optical cables and other equipment for high-speed networking, primarily serving telecom and cable companies.

The Livermore, Calif. firm got its start in 1999, but barely made it through the dotcom bust. A fresh $15 million infusion in 2005 resuscitated the company.

A second tranche of $15 million followed in 2006, totalling $30 million for the first round. Arcapita Ventures and Ritchie Capital Management, who led the funding, also provided the recent $24 million second round.

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