Cosemi Technologies Inc. has closed an $8 million strategic funding round, led by Nitto Denko Corporation, an Osaka-based diversified materials manufacturer and Cosemi technology and solutions partner. This funding comes on the heels of Cosemi opening an investigation with ITC for patent infringement, as well as continued expansion of its cables on Amazon and the launch of a new USB active optical cable.
Cosemi designs and develops plug-and-play HDMI, DisplayPort and USB active optical cables (AOCs) that provide the performance and speed of fiber optics, along with the support of control and power delivery over copper wire, in hybrid cable assemblies.
“In Nitto, we have found not only a strong financial partner but an equally strong technology partner,” Cosemi President and CEO, Dr. Nguyen X. Nguyen, said. “We have also signed a joint development agreement for future generations of interconnect solutions that will feature technologies contributed by both Nitto and Cosemi. The first of these solutions will be available as early as the second half of 2021.”
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