PHOTON IP funding news – Eindhoven-based PHOTON IP Secures €4.75 Million in Seed Funding

Funding Utilisation

With this financing, PHOTON IP will accelerate industrialization and commercialization of its breakthrough technology that efficiently combines silicon photonics with active III-V materials.

As optical communication networks, data centers for AI and cutting-edge sensing applications are critically dependent on optical chips, the core technologies available to efficiently integrate multiple materials on a single photonic chip are becoming a fundamental barrier. Existing schemes for photonic integration can’t keep pace to deliver the performance, energy efficiency and the small footprint required.

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PHOTON IP’s technology addresses this challenge by reinventing the way silicon and different III-V materials such as indium phosphide (which are essential for lasers and high-performance modulators) are integrated onto a single photonic chip.

This breakthrough radically simplifies the manufacturing process and opens a path towards mass deployment for advanced low-power optical engines for a wide range of applications.

PHOTON IP co-founder and CEO Rui Santos said, “We’re not just advancing integrated photonics — we’re simplifying the manufacturing process for photonic circuits as well, With our advanced optical engines, we’re setting a new performance benchmark and eliminating the barriers to efficiently combine III-V materials with silicon. This funding expands our ability to grow our team to bring our first products to market.”

Vincent Kamphorst, investment director at Innovation Industries: “We are excited to announce our investment in PhotonIP. By effectively coupling diverse photonic platforms in a mass manufacturable process, the company aims to deliver high performing photonic solutions at volume. We look forward to supporting PHOTON IP as they develop.”

PHOTON IP’s latest fundraise follows the initial investment by Vigo Ventures in 2021 and the first contracts won with pioneering customers across the globe, for which the first products are being co-developed and tested.

Since its founding in 2020, it’s pan-European team has received significant traction and recognition for its groundbreaking innovation including grant support of more than 2 million euros from the European Innovation Council.

About PHOTON IP

PHOTON IP is accelerating the future of integrated photonics, by reducing the energy consumption and footprint of advanced optical chips for high-bandwidth optical communications and cutting-edge optical sensing applications.

The company is reinventing advanced photonic integration to combine silicon and multiple, optimized III-V materials for lasers, high-speed modulators and photodetectors on to a single photonic chip.