Energy fund ESB Novusmodus has invested €3 million in Dublin-based Intune Networks.
The company, which develops high-performance laser technology for the telecoms industry, recently raised €22 million in a funding round that will be used develop and commercialise its optical data switch technology.
Intune has developed a technology known as optical packet switch and transport (OPST), which allows more traffic to be sent over existing fibre-optic networks using different coloured lights and better utilises the network's capability.
The technology is expected to help solve traffic bottleneck issues for telecoms carriers, and also uses less energy, meaning it has a lower carbon footprint than other internet technologies.
"Intune Networks' revolutionary technology has the potential to transform the way that carriers operate their metro networks, solving bandwidth problems at the same time as halving their energy consumption," said Novusmodus' John McKiernan.
Intune is currently involved in building the platform for the Government’s €5 million Exemplar Network, which will be used as a test bed that will allow companies to trial high speed network applications.
