A few months after announcing €13.5 million ($13.3 million) in funding, silicon photonics company Scintil Photonics says it has capped its second funding round with additional investment from Applied Ventures ITIC Innovation Fund, L.P., a fund jointly created by Applied Ventures, LLC and ITIC-Taiwan (Industrial Technology Investment Corp.). The additional funding is believed to be approximately €1.5 million and brings Scintil Photonics’ total funding to €19 million ($18.8 million).
Scintil Photonics leverages silicon photonics expertise to create III-V Augmented Silicon Photonic Integrated Circuits (ASPICs). ASPICs feature III-V optical amplifiers and lasers integrated on the backside of the silicon photonic circuits. The company foresees its devices finding use in high-speed applications where high parallelism is a benefit, including 800-Gbps to 3.2-Tbps optical transmission.
The investment from Applied Ventures ITIC Innovation Fund joins that of Robert Bosch Venture Capital (RBVC), with support from historic investors Innovacom, Supernova Invest and Bpifrance through its Digital Venture fund, in composing the full second funding round (see "Scintil Photonics nets €13.5 million second round financing for silicon photonics expansion"). Scintil Photonics says the money will go towards improvement of its global industrialization footprint and acceleration of the commercialization of its products in the Americas and Asia-Pacific.
“Scintil Photonics is very happy to welcome Applied Ventures and ITIC. By teaming with such strong semiconductor industry players we can access the very robust industrial ecosystem in the Americas and Asia-Pacific. Their support will also bring great opportunities to deploy products to customers in those regions,” said Sylvie Menezo, president and CEO of Scintil Photonics.
“We believe that silicon photonics-based optical chips with integrated lasers represent a major new opportunity in the data center, high-performance computing, cloud systems and telecom markets. Scintil is a great example of our strategy to invest in the Materials to Systems stack. We are excited to be working with its team in advancing the technology with key market leaders in the HPC space,” said Anand Kamannavar, vice president and global head of Applied Ventures.
“We are delighted to be part of this round of investment in Scintil Photonics as it presents a huge opportunity for next phase integration of very high-performance systems in datacenter and cloud computing. This investment illustrates our commitment to supporting the most promising technologies worldwide,” said Michel Chu, president and CEO of ITIC in Taiwan.
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