Triple-Stone, an optical passive devices developer, bagged tens of millions from Series B financing round, led by TSING-YUAN Capital.
Triple-Stone(Chinese:三石园科技), an optical passive devices developer, bagged tens of millions from Series B financing round, led by TSING-YUAN Capital, with participation by SCI GROUP and GREE.
Founded in 2015, Triple-Stone mainly focuses on passive optical fiber devices. The main products include fiber rings, high-end passive integrated devices, high-reliability wavelength division multiplexers and fiber isolators, and Micro-Electro-Mechanical System(MEMS) optical switches. The product is characterized by miniaturization and integration.
The money will mainly be used to increase investment in research and development and expand production.
Chen Xiangyang, the founder of Triple-Stone, said that the company uses small and integrated technology to help customers improve product performance indicators and production efficiency, and continue to reduce the cost of customer production line expansion.
In the optical communication device market, the market share of optical passive devices is about 17%. In 2021, China's optical passive device market scale was USD 1.23 billion, with a year-on-year growth of 22.8%.
The main product of Triple-Stone is the optical fiber ring. The company also focuses on expanding the optical switch products, mainly used in line monitoring, testing and other scenarios. Currently, the company uses algorithms to calculate paths during production, allowing optical paths to be isolated without interference. The business has expanded to about 240 clients.
Triple-Stone's international competitors include Mainframe Communications(UK) and Fabrinet(US), and domestic ones include ADF Fibercom Limited (Chinese:无线光通讯), FIBERCAN(Chinese:飞博康), and Bonphot Optoelectronic(Chinese:波弗光电).