Wave Photonics raises £4.5m for light-based chips

Wave Photonics raises £4.5m for light-based chips

Business news |
By Nick Flaherty

UK startup Wave Photonics has raised £4.5m ($5.8m) to develop on-chip photonics designs for quantum technologies, sensors, and datacentre applications.

The funding will be used to commercialise its computational photonics design tools to reduce the time it takes to develop photonic devices on standard CMOS process technologies.  This will enable the company to take its technology from a research manufacturing line to a commercial foundry, with a particular focus on frontier applications such as quantum technologies and biosensing.

The seed round was led by the UK Innovation & Science Seed Fund and Cambridge Enterprise Ventures, with participation from Redstone QAI Quantum Fund, Kyra Ventures, Parkwalk’s University of Cambridge Enterprise Fund IX (UCEF IX), and Deep Tech Labs.

It is also backed by grants from the EU’s EIC fund and Innovate UK grants, taking the company’s total funding to date to £5.4m ($6.9m).

“The team has spent the past few years building and experimentally validating our design technology – it’s exciting to have the resources to begin deploying it to solve real industry problems,” said James Lee, CEO.

The Cambridge-based company is working on quantum photonic integrated circuits (QPICs) as part of the Quantum Photonic Integrated Circuit PACkaging (QPICPAC) project. This  brings together Alter Technology TUV NORD UK, Senko Advanced Components, the University of Southampton and the University of Bristol to develop new packaging which aims to speed up the development of photonic chips for quantum computers, encryption systems and sensors.

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