Google Capital makes its first investment in China

Google Capital and Lightspeed China Partners have led the charge to invest in Cloud computing optical transceiver company InnoLight. The company has just closed a series C investment of $38 million. Google Capital general partner, Gene Frantz, said InnoLight’s technology was uniquely suited for next generation datacentre environments, and its vision and execution have been excellent.

Google Capital, in partnership with Lightspeed China Partners, has backed a $38 million Series C funding round for Chinese high-speed optical transceiver supplier InnoLight Technology Corporation. The backing marks the first investment foray into China for Google’s venture capital business, and its second in the greater Asian market. The Suzhou-based company began life as a startup in 2008, according to its website, and has since built up a distribution partner network that extends as far afield as Japan, North America, Europe, Korea, and Russia, with company offices in the United States and Taiwan.