Looks to me like Gaas Labs was willing to pay $32 million to get a closer look at the VCSEL technology. They must be very interested to partner with POET.

"Gaas Labs is focused on providing the financing and operational expertise necessary to help grow the next generation of world-class companies addressing communications semiconductor and related markets. We are looking to partner with outstanding entrepreneurs and management teams to increase portfolio companies' growth trajectory, profitability and market leadership."