BinOptics Corp. has received $13.3 million in new funding.
The Ithaca-based manufacturer of lasers and monolithically integrated optoelectronic components will use the funding to continue expansion of its product lines and to accelerate development of new products, according to the company.
The funding comes from five new investors: Advantage Capital Partners, Enhanced Capital Partners, Gefinor Ventures, Onondaga Venture Capital Fund and Rand Capital.