The deal represents a joint investment of €3.4 million (about $4.2 million) by Rockley and the Science Foundation Ireland to advance silicon photonics from the lab to market. Rockley intend’s to initially hire five engineers in Cork.
Andrew Rickman, founder, CEO and chairman of Rockley Photonics, said: “This investment with the SFI Research Centre IPIC will enable us to combine our expertise and utilise Tyndall’s state of the art facilities to develop ground breaking early stage technologies, which will not only have a huge impact on the future architecture design of large data centres, but will also improve the power and computational capacity of new consumer devices and provide robust sensing solutions in the autonomous vehicles and consumer device sectors as well as others.”
The news comes soon after Rockley closed a $40 million round of funding that brings the amount raised by Rockley to $100M since its formation in 2013. The money is being earmarked to expand the design and production of its platform of optical networking chips, imaging and sensor photonics, and custom photonics for consumer applications.
Rockley’s target markets include consumer electronics, autonomous vehicle, biomedical and industrial sectors, as well as high-performance networking optics for datacenter and infrastructure networking.
In January, Rockley announced a $42 million joint venture with Hengtong Optic-Electric Co. Ltd to manufacture optical transceiver modules based on its silicon photonics technology.
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