Scintil Photonics raises €4M in its first funding round

September 18, 2019 //By Julien Happich
Photonics
French startup Scintil Photonics has raised €4 million in a first-round funding lead by Supernova Invest, Innovacom and Bpifrance. Also contributing to the funding round were Credit Agricole Alpes Développement and endowment Fund Foreis.

The proceeds will be used to develop prototypes (800Gbit/s transceiver photonic circuits) in commercial semiconductor foundries in order to sample strategic customers in the data center market. The team and development partnerships, including those with CEA-Leti in France and the University of Toronto in Canada, will be strengthened.

The success of this first funding round reflects investor interest and confidence in the technology and the company, founded less than a year ago. Prior to its establishment, in November 2018, by CEO Sylvie Menezo, previously with CEA-Leti, and chairman Pascal Langlois, former CEO of Tronics Microsystems, the start-up project, incubated at CEA-Leti, received initial start-up funding as a winner of i-Lab 2018, a French government-sponsored innovation competition hosted by Bpifrance.


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