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EFFECT Photonics has announces the closing of its Series C round, co-led by Smile Invest together with existing investor Innovation Industries Fund, exactly one year after announcing the tape-out of its Manta full photonic integration coherent PIC. Smile Invest are joined by existing investors including Innovation Industries Fund, Photon Delta, btov Partners, Brabant Development Agency (BOM) and individual investors.
EFFECT Photonics is a world-leading developer of optical transceivers, bringing core network performance to the network edge, through the integration of all the optical functions on to a single Photonic Integrated Circuit combined with low cost, non-hermetic packaging. James Regan, CEO at EFFECT Photonics stated that with their disruptive technology, they have already enabled DWDM in high-capacity 5G Radio Access Networks through their low-cost autotuning SFP+ modules, which are deployed around the world. The funding and their partnership with their investors will allow them to take the next leap forward, bringing even higher capacity “coherent” products to the network edges, as well as scaling existing production.
Tim Koene, CTO at EFFECT Photonics explained that conventional coherent approaches require external narrow-linewidth tunable lasers and amplification, wasting light and adding cost, space and power consumption. Already demonstrated to key customers, the non-hermetic Manta prototypes integrate all of these functions on a single chip, bringing a revolution in low electrical power consumption together with high optical output power: high transmission performance in a small form-factor that will enable the next generation of edge network capacity.
Bart Cauberghe, Managing Partner at Smile Invest commented that they see in EFFECT Photonics, a company with unique technology, with a team that has shown that they can also convert this into innovative products for a fast-growing market. In that respect, the company fits perfectly in the activities of Smile Invest, given their focus on innovative, ambitious companies that have the potential to become the market leader in their segment. They are delighted to be joining the strong group of existing investors.
Nard Sintenie, General Partner at existing investor Innovation Industries added that EFFECT Photonics has developed a real platform technology, with which new products can rapidly be launched. They are pleased to continue to support the company and see great potential for the future.