Cambridge Enterprise Ventures

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Wave Photonics Secures $5.8M to Enable Widespread Deployment of Light-Based Chips

📅 Date:

🔖 Topics: Funding Event

🏢 Organizations: Wave Photonics, Cambridge Enterprise Ventures

Wave Photonics, a Cambridge-based deep tech startup, has received £4.5 million ($5.8 million) to develop on-chip photonics designs for quantum technologies, sensors, and data center applications. The UK Innovation & Science Seed Fund and Cambridge Enterprise Ventures led the round, with participation from Redstone QAI Quantum Fund, Kyra Ventures, Parkwalk’s University of Cambridge Enterprise Fund IX (UCEF IX), and Deep Tech Labs. The investment round was complemented by non-dilutive funding via EIC and Innovate UK grants, taking the company’s total funding to date to £5.4 million ($6.9 million).

This investment will enable the company to take its technology from a research manufacturing line to a commercial foundry, with a particular focus on solutions for frontier applications such as quantum technologies and biosensing.

Read more at HPC Wire