
nEye Systems raises $58m for optical switch technology
Startup has raised $72.5m since founding in 2020
Startup has raised $72.5m since founding in 2020
Company has also appointed new CFO and board member
Claim pilot scheme is first of its kind in Middle East
Will use funding to grow its workforce and further develop its forthcoming photonics processor
The photonics computing company is working with GlobalFoundries, ASE, and Amkor on the production of its hardware offering
Brings Celestial’s IP portfolio to more than 200 patents globally
Claims tech will dramatically cut data center power use
Will use funds to support mass deployment of Passage chips
Company has also been backed by NATO
Company to offer alternative to silicon with lithium niobate-based chips
Round was led by UKI2S and Cambridge Enterprise
Company unveiled silicon photonics roadmap at conference last month
Company claims less than 1 millisecond latency over 90km
But a commercial chip is still years out
Project hopes to replace electrical switches with optical ones