Oriole Networks funding news – London-based Oriole Networks Secures an Additional €20.2 Million Funding

The funding round was led by Plural, with all existing investors - UCL Technology Fund, XTX Ventures, Clean Growth Fund, and Dorilton Ventures - reinvesting in the company. Oriole Networks addresses the biggest challenges in AI - speed, latency, and sustainability.

It utilizes advanced photonics technology to create networks of AI chips and harness their processing power using light. This innovative approach enables Large Language Models to be trained up to 100 times faster while consuming significantly less power, resulting in algorithms running with much lower latency.

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Oriole's technology significantly reduces the energy consumption of data centers, which are causing a significant strain on energy grids in the US and Europe. If data center demand triples by 2035, as expected, and there are difficulties in installing new wind and solar energy sources, power sector emissions could be more than 56% higher than forecast, according to research by Rhodium Group.

Oriole has put together an exceptional photonics team, including experts from Lumentum, which is unmatched in the UK. The company is supported by professionals in high-performance clusters, including the venture arm of XTX Markets, which operates one of the largest GPU clusters in the world.

James Regan, CEO of Oriole Networks, said: “This funding is yet another milestone for Oriole following a year of rapid pace and growth. This is a booming market desperate for solutions and our ambition is to create an ecosystem of photonic networking that can reshape this industry by solving today’s bottlenecks and enabling greater competition at the GPU layer. Building on decades of research, we’re paving the way for faster, more efficient, more sustainable AI.”

The recent funding brings Oriole Networks' total raised this year to $35 million. The funds will be used to further accelerate Oriole's growth by expanding its team and engaging with high-volume suppliers. By 2025, the company aims to have its early-stage products in the hands of customers, building an ecosystem of photonic networking for AI.

Ian Hogarth, Partner at Plural, added: “Applying 20 years of deep research and learning in photonics to create a better AI infrastructure demonstrates how much more innovation there is to come to help reap the benefits of this technology. The team behind Oriole Networks have proven experience in both company building and bringing deep science to commercialisation and are creating a fundamental shift in the design of next generation networked systems that will reduce latency and slash the energy impact of data centres on which we now rely.”

About Oriole Networks

Oriole Networks will revolutionize AI system performance, accelerate data centers, and significantly reduce energy consumption for a sustainable future.