Rockley Photonics grabs extra $65 million

Rockley Photonics grabs extra $65 million

Business news |
Silicon photonics developer Rockley Photonics Ltd. (Oxford, England) has closed an additional $50 million of funding. This brings the amount raised by the company to over $290 million.
By Peter Clarke

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The money has come from both new private funds and follow-on existing investor Morningside Ventures. Other recent investors include as Credit Suisse backed SIG-I Capital and Applied Ventures LLC, the venture capital arm of Applied Materials, Inc.

“There is tremendous need for technologies that can enable effective digital health and wellness, driven by the associated benefit provided to population health,” said Andrew Rickman, CEO of Rockley Photonics, in a statement. “This funding provides the resources for Rockley to dramatically accelerate its product offerings, particularly our integrated optical sensors products. We are committed to our Tier-1 customers and our 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: “We 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. We have confidence in the deep expertise and proven track record of the Rockley team to deliver exceptional results.”

Related links and articles:

www.rockleyphotonics.com

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