SMART Photonics, the independent foundry for photonic integrated circuits, has announced a €35M Series C investment from a Dutch consortium led by Innovation Industries. The company, founded in 2012, will use the funds to expand its capacity for wafer manufacturing at the High Tech Campus in Eindhoven, accelerate the development of its photonic integration technology and firmly establish the technology in the marketplace through its valued customers.
Lead investor Innovation Industries is one of Europe’s most active independent photonics investors and holds numerous investments across the photonics value chain. The funding includes a contribution from the Ministry of Economic Affairs and Climate Policy of The Netherlands through the Brabant Development Agency (BOM), as well as participations from KPN Ventures, PhotonDelta and existing shareholders, thereby reaffirming the position of SMART Photonics as the central player in the European photonics ecosystem.
SMART Photonics’ ambition is to be the leading independent foundry for photonic integrated circuits, which provide small-scale integration and high performance combined with low energy consumption. Photonic integrated circuits will play a key role in our lives by enabling new and radically improved applications that make our world better, greener and safer. SMART Photonics’ integration technology allows its customers to design chips for a variety of next generation communication and highly accurate sensor applications in telecoms, healthcare, smart mobility and sustainable industrial processes.
Since its inception in 2012, SMART Photonics has attracted a truly global customer base, consisting of leading US, European and Asian customers as well as a range of scale-up companies that develop applications using integrated photonics. According to Chief Executive Officer, Johan Feenstra, the investment will allow the company to scale up volumes as they support customers in bringing their first commercial products using photonic integration technology to the market.
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