Rockley Photonics raises $40 million to expand production
Rockley Photonics, a fabless supplier of silicon photonics chipsets, IP, and design for high volume optics applications, has raised $40 million in funding to expand its design and production platform for optical networking solutions, imaging and sensor photonics, and custom photonics for consumer applications. This latest funding round brings Rockley’s total funding to $100 million since its launch in 2013.
Rockley’s differentiated silicon manufacturing technology enables it to integrate electronics and photonics into low power devices, at a competitive cost, without compromising manufacturability or performance. The firm’s target markets include the consumer electronic, autonomous vehicle, biomedical, high-performance networking optics and industrial sectors.
‘The industry has responded strongly to our platform approach, especially given its flexibility to address a range of market applications,’ said Dr Andrew Rickman, CEO of Rockley Photonics. ‘This round of funding will enable us to focus our technology on these emerging, high-growth market opportunities.’
Rockley’s CFO, Mahesh Karanth, commented: ‘This latest funding will accelerate our strategic market focus. We will deliver an IP portfolio that will enable customers to quickly deploy the Rockley platform across their multiple markets.’
Rockley Photonics’ primary vision is to introduce disruptive, highly integrated optical interconnects for network ASICs in data centres that will enable continued bandwidth growth at dramatically lower cost and power.
‘We are seeing rapidly emerging, high-growth market opportunities for our integrated photonics platform,’ commented CCO Nick Kucharewski. ‘With active customer engagements in multiple high-growth segments, the new investment round will enable us to deliver advanced solutions for our customers.’
In January, Rockley announced a $42 million joint venture with Hengtong Optic-Electric to manufacture high-performance optical transceiver modules based on its silicon photonics technology.