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Funding
EFFECT Photonics Secures $40 Million in Additional Funding
Eindhoven, The Netherlands EFFECT Photonics, a leading developer of highly integrated optical solutions, has secured…
Eindhoven, The Netherlands
EFFECT Photonics, a leading developer of highly integrated optical solutions, has secured an additional $40 million in funding from a group of investors led by Invest-NL and Innovation Industries, along with other existing investors.
The new investment enables the company to accelerate product development and fuel go-to-market initiatives, specifically those related to its integrated coherent optical product portfolio and solutions that meet the industry need for disaggregation of the key components for the growing needs of coherent optical interfaces.
We’re thankful to Invest-NL, Innovation Industries, and our other existing investors for their continued support and confidence in EFFECT Photonics mission and products. This investment positions us well to advance our portfolio of integrated optic solutions that will reshape the future of communications and positively disrupt the status quo.
Roberto Marcoccia, CEO, EFFECT Photonics
Invest-NL’s Deep Tech Fund is established to support companies with innovative, complex technologies focusing on future societal challenges. Our investment in EFFECT Photonics is within that goal. We are very happy to support our existing deep tech portfolio company EFFECT Photonics, together with the other shareholders, for further growth. Management is well-focused on future developments and has positioned EFFECT Photonics as a tier-one business partner.
Gert-Jan Vaessen, Fund Manager Deep Tech Fund at Invest-NL
Innovation Industries is excited to offer our continued support of EFFECT Photonics. We are impressed by the company’s plans for future growth and innovative product portfolio, which is forging new grounds in offering the lowest power per bit.
Nard Sintenie, Partner, Innovation Industries
About EFFECT PHOTONICS
Where Light Meets Digital – EFFECT Photonics is a highly vertically integrated, independent optical systems company addressing the need for high-performance, affordable optic solutions driven by the ever-increasing demand for bandwidth and faster data transfer capabilities. Using our field-proven digital signal processing and forward error correction technologies and ultra-pure light sources, we offer compact form factor solutions with seamless integration, cost efficiency, low power, and security of supply. By leveraging established microelectronics ecosystems, we aim to make our products affordable and available in high volumes to address the challenges in 5G and beyond, access-ready coherent solutions, and cloud and cloud edge services. For more information, please visit: www.effectphotonics.com. Follow EFFECT Photonics on LinkedIn and Twitter.
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Media Contact:
Colleen Cronin
EFFECT Photonics
colleencronin@effectphotonics.com
EFFECT Photonics raises $37M to develop single-chip coherent optics and scale production
Today EFFECT Photonics announces the first close of its Series C round, co-led by Smile…
Today EFFECT Photonics announces the first close of its Series C round, co-led by Smile Invest together with existing investor Innovation Industries Fund, exactly one year after announcing the tape-out of its Manta full photonic integration coherent PIC. Smile Invest are joined by existing investors including Innovation Industries Fund, Photon Delta, btov Partners, Brabant Development Agency (BOM) and individual investors.
EFFECT Photonics is a world leading developer of optical transceivers, bringing core network performance to the network edge, through integration of all the optical functions on to a single Photonic Integrated Circuit combined with low cost, non-hermetic packaging.
James Regan, CEO stated: “With our disruptive technology, we have already enabled DWDM in high-capacity 5G Radio Access Networks through our low-cost autotuning SFP+ modules, which are deployed around the world. This funding and our partnership with our investors will allow us to take the next leap forward, bringing even higher capacity “coherent” products to the network edges, as well as scaling existing production.”
Tim Koene, CTO explained: “Conventional coherent approaches require external narrow-linewidth tunable lasers and amplification, wasting light and adding cost, space and power consumption. Already demonstrated to key customers, the non-hermetic Manta prototypes integrate all of these functions on a single chip, bringing a revolution in low electrical power consumption together with high optical output power: high transmission performance in a small formfactor that will enable the next generation of edge network capacity.”
Bart Cauberghe, Managing Partner at Smile Invest commented: “We see in EFFECT Photonics a company with unique technology, with a team that has shown that they can also convert this into innovative products for a fast-growing market. In that respect, the company fits perfectly in the activities of Smile Invest, given our focus on innovative, ambitious companies that have the potential to become the market leader in their segment. We are delighted to be joining with the strong group of existing investors”.
Nard Sintenie, General Partner at existing investor Innovation Industries added: “What EFFECT Photonics has developed is a real platform technology, with which new products can rapidly be launched. We are pleased to continue to support the company and see great potential for the future”.
— End of Press Release–
About EFFECT Photonics
EFFECT Photonics delivers highly integrated optical communications products based on its Dense Wavelength Division Multiplexing (DWDM) optical System-on-Chip technology. The key enabling technology for DWDM systems is full monolithic integration of all photonic components within a single chip and being able to produce these in volume with high yield at low cost. With this capability, EFFECT Photonics is addressing the need for low cost DWDM solutions driven by the soaring demand for high bandwidth connections between datacentres and back from mobile cell towers. Headquartered in Eindhoven, The Netherlands, with additional R&D and manufacturing in South West UK, with sales partners worldwide. www.effectphotonics.com
Contact us: • press@effectphotonic.com • +31 403041359
About Smile Invest
Smile Invest (Smart Money for Innovation Leaders) is a European evergreen investment firm with €350 million assets under management, financed by 40 entrepreneurial families and with a long term focus on innovative growth companies. Smile Invest focuses on companies active in technology, healthcare and innovative consumer markets. From its offices in Leuven and The Hague the team supports ambitious entrepreneurs and management teams in realising their growth plans. www.smile-invest.com
Contact Smile Invest: Bart Cauberghe, Managing Partner • bart.cauberghe@smile-invest.com • +32 476 33 66 69
Tags: EFFECT Photonics, Funding, Hightech, IntergratedPhotonics, Investment, Optical Chips, PIC