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Rockley Photonics, a leading integrated optics solutions provider, has closed an additional $65 million round of growth capital from both new private funds and follow-on existing investor Morningside Ventures. To date, Rockley has raised over $290m of financing to develop its unique silicon photonics platform from recent investors such as Credit Suisse backed SIG-I Capital and Applied Ventures, LLC, the venture capital arm of Applied Materials, Inc.
Andrew Rickman, CEO of Rockley Photonics stated that there is a tremendous need for technologies that can enable effective digital health and wellness, driven by the associated benefit provided to population health. This funding provides the resources for Rockley to dramatically accelerate its product offerings, particularly our integrated optical sensors products. They are committed to their Tier-1 customers and their ability to help expand their product offerings and the innovative data-driven business models these products will enable.
Mick Sawka, Investment Manager at Morningside Group said that they are very pleased to support Rockley at this juncture of the company’s development and contribute to the commercial success of their integrated optical chipsets and related products in multiple markets. They believe that silicon photonics is at a tipping point, and the technical attributes of Rockley’s platform, coupled with the strong product roadmap and established high-volume production ecosystem, uniquely positions the company for growth in exciting verticals of interest including health care and communications. They are showing confidence in the deep expertise and proven track record of the Rockley team to deliver exceptional results.
Rockley Photonics was recently named as an early constituent in the Lazard T100 Venture Growth Index (T100), a developing collection of carefully selected companies demonstrating the potential to disrupt multi-billion-dollar sectors and shaping the European venture growth ecosystem.
