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funding News
UK Investments Boost Semiconductor, Silicon Photonics Industry
LONDON, Feb. 8, 2024 — Two research hubs in Southampton and Bristol, England have received £11 million ($13.9) each to help bring new chip technologies to market. The newly established Innovation and Knowledge Centres (IKC) will support research and initiatives, provide access to state-of-the-art prototyping technology, and will work closely with early-stage companies. At the University of Southampton, the Cornerstone Information and Knowledge Centre will build on the university’s expertise in silicon photonics and...
Femtum Raises $3.7M Seed Round
QUEBEC CITY, Jan. 31, 2024 — Laser technology startup Femtum has closed a 5 million CAD ($3.7 million) seed round. The funding accelerates its commercialization of mid-IR fiber lasers tailored to semiconductor manufacturing processes. Femtum is a 2017 spinout of the University...
QphoX Raises $8M for Quantum Modem Tech
DELFT, Netherlands, Jan. 19, 2023 — Dutch quantum computing company QphoX has raised an €8 million ($8.7 million) funding round. The investment is reportedly the largest made in a quantum company in the Netherlands to date. QPhox is developing the core hardware required to allow...
VCSELence Torino Opens; QDI Systems Secures €5M in Series A: Week in Brief: 1/19/24
GRONINGEN, The Netherlands, Jan. 19, 2024 — QDI Systems, a developer of imaging devices for medical applications, has secured €5 million in Series A funding to scale up its quantum dots technology for the medical sector and new markets. The funding round was led by NOM, the Investment...
Quantinuum on Receiving End of $300M Investment Round from Honeywell
CHARLOTTE, N.C., Jan. 18, 2024 — Honeywell closed a $300 million equity fundraise for integrated quantum computing company Quantinuum at a pre-money valuation of $5 billion. The round is anchored by Quantinuum's strategic partner JPMorgan Chase, with additional participation from...
Excelitas to Relocate Headquarters to Pennsylvania
HARRISBURG, Pa., Jan. 9, 2024 — Excelitas Technologies will relocate its operations to Pittsburgh, moving from its current headquarters in Waltham, Mass., outside of Boston. According to a release issued by Pennsylvania. Gov. Josh Shapiro's press office, the company has committed...
Trends to Watch in Photonics in 2024
Jan 8, 2024 — The world did not become a better place in 2023. But some parts of the photonics industry made remarkable progress. And that will endure. The world of photonics is changing. In some places at a slow pace, in others by leaps and bounds. Laser...
LongPath Technologies' Methane Monitoring Tech to See Deployment in American Mid-, Southwest
DENVER, Jan. 8, 2024 — Colorado-based emissions monitoring technology provider LongPath Technologies has received a conditional commitment for an up to $189 million loan guarantee from the U.S. Department of Energy. The loan will support the scaling of LongPath methane...
UNM Uses $3M Grant to Launch Graduate Program; IKZ, Oxide Corp. Sign R&D Contract: Week in Brief: 12/29/23
ALBUQUERQUE, N.M., Dec. 29, 2023 — The University of New Mexico has launched its new Quantum Photonics and Quantum Technology (QPAQT) graduate program, made possible by a $3 million grant from the National Science Foundation. All students admitted to QPAQT will receive training perks...
Lidar Startup Blickfeld Raises $8.2M in Financing
MUNICH, Dec. 22, 2023 — Lidar technology company Blickfeld has secured €7.5 million ($8.2 million) in initial growth financing. The company intends to use the funds to fuel sales dynamics and enhance the company’s market position in Europe, North America, and...
Montana State Awarded $26.7M for Quantum Tech; Midel Photonics Secures €1M in Funding: Week in Brief: 12/22/23
BOZEMAN, Mont., Dec. 22, 2023 — Montana State University has received a $26.7 million grant from the U.S. Air Force to establish a facility with the mission of moving advanced quantum technology applications in cybersecurity, communications technology, and national defense from...
Optical Computing Leader Lightmatter Adds $155M in Funding
BOSTON, Dec. 20, 2023 — Photonic chip developer Lightmatter raised $155 million in a series C-2 funding round led by Google Ventures and Viking Global Investors. The company intends to use the financing to expand its workforce and office footprint, as well as to increase...
Neurophos Raises $7.2M in Seed Round
AUSTIN, Texas, Dec. 15, 2023 — Neurophos, a spinout of Duke University and Metacept Inc. and incubator focused on creating metamaterials-based companies, raised $7.2 million in seed round funding to commercialize metamaterial and optical AI inference chips targeting data center...
Myrias Optics Secures $3M to Support Optics Offerings
AMHERST, Mass., Dec. 14, 2023 — University of Massachusetts (UMass) Amherst spinout company Myrias Optics has secured a $3 million seed investment. Myrias, a developer of all-inorganic printed meta-optics, said that it will use the funding to meet growing customer demand and...
Rochester’s LLE Awarded More Than $500M
ROCHESTER, N.Y., Dec. 14, 2023 — The University of Rochester’s Laboratory for Laser Energetics (LLE) and the U.S. Department of Energy’s National Nuclear Security Administration (NNSA) have finalized a cooperative agreement for more than $503 million over five years....
BAE Systems Is Recipient of First CHIPS Act Funding Award
FALLS CHURCH, Va., Dec. 13, 2023 — BAE Systems has received an approximately $35 million award from the U.S. Department of Commerce to modernize its Microelectronics Center (MEC) in Nashua, N.H. The award is the first funding announcement as part of the CHIPS and Science Act, which...
Photonics and Semiconductor Firms Receive almost $10M from USPAE
WASHINGTON, D.C., Dec. 6, 2023 — Seven microelectronics firms have received almost $10 million in combined funding to commercialize technologies of interest to the U.S. military as winners of the Defense Business Accelerator (DBX) Microelectronics Challenge. The Department of...
Wrexham’s EEOC Approved; Infinera Awarded Grant for Semiconductor Production: Week in Brief: 11/24/23
SAN JOSE, Calif. — Infinera has been awarded a $14 million California Competes grant by the California Governor’s Office of Business and Economic Development. The five-year grant will help to expand and modernize the company’s U.S.-based domestic...
Quandela Secures $54M to Support Expansion
PARIS, Nov. 21, 2023 — Photonic quantum computing company Quandela has secured more than €50 million ($54.7 million) from investors, public funding, and banking partners to support the company’s international expansion and industrial development. The capital...
Center for Photonics in Infection Research to Open in Jena
JENA, Germany, Nov. 16, 2023 — Germany’s Federal Ministry of Education and Research is funding the establishment of the Leibniz Centre for Photonics in Infection Research (LPI) at the Jena University Hospital. The center aims to advance the development of light-based...
SiLC Receives $25M to Develop Machine Vision for AI
MONROVIA, Calif., Nov. 16, 2023 — SiLC Technologies Inc. has secured $25 million in funding to expand production to support designs for its Eyeonic vision solutions. The additional funding also supports continued product development, to enable the company to pursue further...
Computing Firm Photonic Collaborates with Microsoft
VANCOUVER, British Columbia, Nov. 15, 2023 — Quantum computing firm Photonic Inc. formed a collaboration with Microsoft to develop quantum networking capabilities using photonically linked silicon spin qubits. Photonic detailed the collaboration and unveiled its quantum architecture amid news...
Leonardo to Supply Sights for U.S. Army; Imec, SMART Photonics Sign MOU: Week in Brief: 11/10/23
EINDHOVEN, Netherlands, Nov. 10, 2023 — SMART Photonics and imec have agreed to sign a memorandum of understanding to underpin their intention to work together in the field of hybrid integration of InP on SiN/SiPh. The collaboration will include the hybrid integration of InP on SiN/SiPh...
U.S. Navy Funds Mercury’s Photonic Chiplet Development
ANDOVER, Mass., Nov. 7, 2023 — Mercury Systems Inc. entered into an agreement with the U.S. Navy to develop manufacturing capabilities that would allow commercial photonic chiplets to accelerate edge processing in defense applications. The Office of the Under Secretary of Defense...
India Launches Photonic Chips Development Effort; NY CREATES, PsiQuantum Partner on PICs R&D: Week in Brief: 10/27/23
CHENNAIR, India, Oct. 27, 2023 — India’s secretary of electronics and information technology inaugurated the Centre for Programmable Photonic Integrated Circuit and Systems (CPPICS). Within the next five years, CPPICS is set to achieve self-sufficiency, drive product...
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May 2024
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