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Investment boost for French integrated photonics startup

Business news |
By Nick Flaherty

French startup Scintil Photonics has completed its second round of funding with two new investors to help expand its integrated photonics devices in the Americas and Asia.

The additional funds bring the total raised to over €19m ($19m). It had already raised €13m from investors Innovacom, Supernova Invest and Bpifrance in June this year in the first part of the round , having raised €4.4m in 2019 in a round led by Robert Bosch Venture Capital (RBVC).

The new backing comes from Applied Ventures ITIC Innovation Fund, a fund jointly created by Applied Ventures and ITIC-Taiwan (Industrial Technology Investment Corporation). Applied Ventures is the venture capital arm of US semiconductor equipment giant Applied Materials and a key route into the US market.

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The Augmented Silicon Photonic Integrated Circuit (ASPIC) technology combines CMOS and III-V materials in a single chip for rack-to-rack to chip interconnections. This uses III-V optical amplifiers and lasers integrated on the backside of advanced silicon photonic circuits for high-speed communications from 800 Gbit to 3.2Tbit/s.

 “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 centre, High Performance Computing (HPC), cloud systems and telecom markets. Scintil is a great example of our strategy to invest in the Materials to System 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 (Industrial Technology Investment Corporation) in Taiwan.

www.appliedventures.com; www.itic.com.tw; www.scintil-photonics.com

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