BinOptics was founded in 2000, based on Cornell technology, the company fabricates semiconductor lasers for the telecom and data com industries.
The company attracted local and national venture capital including: Advantage Capital Partners, Arrowpath, Cayuga Venture Fund, Draper Fisher Juretson, FA Technology Ventures, Gefinor Ventures, Onodaga Venture Capital Fund, Rand Capital Corporation and STIC investments.
In November 2015, the company was acquired by Massachusetts based Macom Technology Solutions Holdings for $230 million.
Currently, BinOptics employs 143 and will be adding an additional 90 more.
With the company’s potential and additional growth, the company plans on staying in Tompkins County.