Effect photonics raises $37m to develop single-chip coherent optics and scale production11 March 2021
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”.
EFFECT Photonics partially owes its growth to start-up and innovation loans from, for example, RVO, BOM, the Province of Noord-Brabant and the research subsidies from the European Commission. PhotonDelta is also a partner in this investment round. Ewit Roos, CEO of PhotonDelta: “The wonderful achievement underlines the market’s confidence in the quality of the people and the pioneering products of EFFECT Photonics. The size of this investment is unique in The Netherlands and is also an important statement about the capabilities of the PhotonDelta ecosystem: we can invent, develop and ultimately produce it here.”