Optical MEMS startup raises $3.4 million
Aeponyx was founded in 2011 and claims that its micro optical switches are 100x faster, 10x cheaper and 10x smaller than the 3D MEMS used in commercial products within data centers and by telecom service providers.
The seed funding obtained will enable Aeponyx to complete the development and industrialization of its planar micro optical switch chips based on a proprietary combination of silicon photonics and MEMS.
The funding, aggregated to the California-based incubator Silicon Catalyst’s in-kind contribution and to secured non-dilutive government financing, completes Aeponyx’s total investment of Canadian $10 million (about $8 million) for the ramp-up of production by 2019.
“The level of our technological innovation is at par with leading platforms in the fast-growing markets that can leverage it including next-generation fibre optic telecommunications access networks, datacenters, and 5G mobile networks which, combined, represent a multibillion-dollar opportunity,” said Aeponyx CEO, Philippe Babin, in a statement.
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