OpenLight Shines With $50 Million

<p><strong>SANTA CLARA<&sol;strong> &&num;8212&semi; OpenLight&comma; a leader in custom Photonic Application-Specific Integrated Circuit &lpar;PASIC&rpar; design&comma; has raised an additional &dollar;50 million in a Series A-1 round&comma; bringing the company’s total funding to &dollar;84 million&period; The financing reflects growing commercial momentum and accelerating customer adoption across AI infrastructure&comma; automotive and industrial sensing&comma; medical and quantum computing applications&period;<&sol;p>&NewLine;<p>The oversubscribed round was led by Matter Venture Partners&comma; with participation from new investors&comma; Acclimate Ventures and Catapult Ventures&comma; alongside existing investors&comma; Xora Innovation&comma; Capricorn Investment Group&comma; Mayfield&comma; and New Legacy&period;<&sol;p>&NewLine;<p>&OpenCurlyDoubleQuote;We at Matter Venture Partners are excited to lead this OpenLight investment round&period; Optical technology is critical to the future scaling of data centers and AI infrastructure&period; We believe OpenLight’s heterogenous integrated silicon photonics platform will be the core ingredient to this worldwide global expansion of optical connectivity where power and bandwidth matter&comma;” said Wen Hsieh&comma; Founding Managing Partner at Matter Venture Partners&period;<&sol;p>&NewLine;<p>OpenLight’s process design kit &lpar;PDK&rpar;&comma; built on the heterogeneous integration of indium phosphide and silicon photonics&comma; provides customers with a comprehensive library of passive and active components — including integrated lasers&comma; modulators&comma; amplifiers&comma; and detectors&period; Validated at leading photonics foundry Tower Semiconductor&comma; its PDK ensures designs are production-ready from day one&period;<&sol;p>&NewLine;<p>Using these proven building blocks&comma; customers can develop custom PASICs that simplify advanced chip design and accelerate time to market&period; Today&comma; more than 25 companies use the OpenLight PDK to design and fabricate PASICs across a broad range of applications&period; OpenLight holds over 410 patents covering its PDK and the manufacturing of heterogeneously integrated III-V photonics&period;<&sol;p>&NewLine;<p>&OpenCurlyDoubleQuote;We are excited to have Wen Hsieh and the Matter Venture Partners team as part of OpenLight investors&period; Their connection to the semiconductor ecosystem will be a key asset as we scale our technology and customer base&period; The strong interest from leaders across the semiconductor industry underscores the momentum behind OpenLight’s technology and vision&comma;” said <b>Adam Carter&comma; President and CEO of OpenLight<&sol;b>&period; &OpenCurlyDoubleQuote;This oversubscribed funding round adds highly sophisticated investor partners who will enable us to accelerate our strategic roadmap&comma; expand worldwide sales and technical support&comma; and bring heterogeneous photonic integrated circuits to global markets at scale&period;”<&sol;p>&NewLine;<p>The new funding will further accelerate the expansion of OpenLight’s PDK library of active and passive photonics components — including its leading-edge 400G modulator and indium phosphide heterogeneously integrated on-chip laser technology&period; The company will also ramp up development of standards-based reference photonic integrated circuits &lpar;PICs&rpar; at 1&period;6T and 3&period;2T&comma; delivering the industry’s most flexible and advanced component design libraries&period;<&sol;p>&NewLine;