Rockley Photonics raises $52 million

July 03, 2019 //By Peter Clarke
Rockley Photonics raises $52 million
Silicon photonics pioneer Rockley Photonics Ltd. (Oxford, England) has raised $52 million in a Series E round of financing.

Investors include a strategic partner Morningside Technology Ventures and numerous private investors. This latest funding round takes the total raised by Rockley to date to $165 million.

Mahesh Karanth, chief financial officer at Rockley, said the money would support implementation of the company's business plan including co-packaging of devices for opto-ASICs and data center connectivity, and lidar and consumer applications.

Silicon photonics was once limited the electro-optics around optical fibers and long-haul communications but over many years it has been getting closer to individual boxed systems and thence to inter-board and even intra-board communications. Applications that were the domain of electronics are evolving to include optics in a variety of ways including data centers, 5G, AI, autonomy, machine vision and healthcare.

Yole Développement has estimated the global market for silicon photonics was worth US$500 million in 2018 with growth predicted to exceed US$3.5 billion by 2025.

Related links and articles:

www.rockleyphotonics.com

News articles:

Rockley photonic ICs enter foundry production

Rockley Photonics to form R&D center in Ireland

Photonic ASIC directly integrates 100G optical ports

Rockley teams with UK government on optoelectronics


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