Montreal-based optical technology developer AEPONYX says it has closed $10 million in new funding. The round included previous investors Fonds Ecofuel, BDC, and Fonds Innovexport as well as newcomer Investissement Québec. The money will go toward applying the company’s Silicon Nitride based integrated photonics and MEMS expertise to 5G network applications.
AEPONYX was founded in 2013 and initially focused its work on WDM-PON applications as well as tunable transceivers for NG-PON2 networks (see, for example, “AEPONYX receives funding for micro-optical switch chip development, production” and “AEPONYX to launch C-Band 10G WDM-PON at OFC 2015”). The company had previously attracted $30 million of investment and with this new round appears intent on expanding its addressable market.
“We are delighted to bring innovative products to the 5G market” says Philippe Babin, CEO of AEPONYX. “The creation of our integrated photonics with MEMS products enable the telecom industry to advance their next-generation networks. With the 5G adoption rate eclipsing where 4G was at this point in time, we see tremendous growth potential.”
“These optical devices, combining high data rates with being quite small in size, are exactly what the market is looking for to advance the global 5G infrastructure significantly” added Fonds Ecofuel’s managing partner, Richard Cloutier.
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