Rockley Photonics has raised $52 million in the first closure of its Series E funding spherical, from each current traders and new traders, together with Morningside Technology Ventures of Hong Kong. Rockley’s silicon photonics know-how develops optical transceiver parts in silicon and co-packages them with digital electronics like a switching ASIC. This newest funding brings the sum raised by Rockley to $165 million.
Silicon photonics is especially attractive for the information center market, where intra-data center hyperlinks require growing bandwidth and speed. Rockley is also concentrating on consumer sensors and LiDAR applications.
Of the $52 million total, $30 million came from Rockley’s strategic companion, Hengtong Opto-Electric, a Chinese maker of fiber optic cables. The businesses have a joint venture, in Suzhou, China, where they make and sell 100G and 400G DR4 transceivers for data facilities utilizing Rockley’s LightDriver Engine.
“[Hengtong’s investment] is direct funding in Rockley Photonics to support the complete marketing strategy,” said Rockley Photonics’ CEO, Dr. Andrew Rickman. “There will possibly be a portion of this amount going to the joint venture to support our operation there. The market outlook for 100G, and higher, in the Chinese market, remains strong and shall be nicely served by our joint venture.” In a previous interview, Rickman described the corporate’s competitive advantage as a mix of several factors.
The firm has developed a combined silicon photonics platform that can be used throughout multiple market segments, together with consumer sensors, LiDAR, and information center connectivity, he stated.
Rockley’s portfolio has been developed around optimum solutions for optical as well as electrical domains, in addition to the interface of the two.
Rickman added that Rockley’s in-package optics solution is switch agnostic: a bonus of the firm’s systemic approach to in-package optics and silicon photonics on the whole, in comparison with different offerings.