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.
For related articles, visit the Business Topic Center.
For more information on optical components and suppliers, visit the Lightwave Buyer’s Guide.
To stay abreast with optical communications technology, subscribe to Lightwave’s Enabling Technologies Newsletter.
Stephen Hardy | Editorial Director and Associate Publisher, Lightwave
Stephen Hardy is editorial director and associate publisher of Lightwave and Broadband Technology Report, part of the Lighting & Technology Group at Endeavor Business Media. Stephen is responsible for establishing and executing editorial strategy across the both brands’ websites, email newsletters, events, and other information products. He has covered the fiber-optics space for more than 20 years, and communications and technology for more than 35 years. During his tenure, Lightwave has received awards from Folio: and the American Society of Business Press Editors (ASBPE) for editorial excellence. Prior to joining Lightwave in 1997, Stephen worked for Telecommunications magazine and the Journal of Electronic Defense.
Stephen has moderated panels at numerous events, including the Optica Executive Forum, ECOC, and SCTE Cable-Tec Expo. He also is program director for the Lightwave Innovation Reviews and the Diamond Technology Reviews.
He has written numerous articles in all aspects of optical communications and fiber-optic networks, including fiber to the home (FTTH), PON, optical components, DWDM, fiber cables, packet optical transport, optical transceivers, lasers, fiber optic testing, and more.
You can connect with Stephen on LinkedIn as well as Twitter.