DustPhotonics raises $24 million in Series B follow-on
DustPhotonics raises $24 million in Series B follow-on
The Israeli startup, which develops silicon photonics for hyperscale data center and AI applications, has built a platform for the optical network market, offering improvements in bandwidth and speeds while lowering costs and power consumption
DustPhotonics, a developer of silicon photonics technology for data center and AI applications, has announced that it has completed a Series B follow-on round of $24 million. The round was completed by new and existing investors such as Sienna Venture Capital, Greenfield Partners, Atreides Management, and Exor Ventures, and will allow the company to scale production of its Carmel-4 and Carmel-8 products.
“We are seeing a lot of design-win momentum with our products, and are excited by the new opportunities ahead in both AI and cloud service data centers,” said Ronnen Lovinger, CEO of DustPhotonics. “We are grateful to have a strong group of investors who have been supporting us from the early days, and are delighted to have new partners join our journey ahead.”
DustPhotonics is a developer of silicon photonics for hyperscale data center and AI applications. Its platform is built to meet the requirements of the optical network market, offering improvements in bandwidth and speeds while lowering costs and power consumption. The funding is expected to accelerate the development of its next-generation products which will enable 1.6Tb/s applications.
“Since undergoing the transition to a silicon photonics chip company from a transceiver company, I have seen the team at DustPhotonics do a tremendous job achieving their milestones on technology, products and business,” said Avigdor Willenz, Chairman of DustPhotonics. “I believe their upcoming innovations will allow them to further grow their position as a leader for next generation merchant silicon photonics products.”
“We looked at innovative technologies supporting the fast-growing AI compute market, and DustPhotonics stood out as a leader in this market due to their technology and customer traction,” said Isabelle Amiel-Azoulai, Founding Partner at Sienna Venture Capital. Yuda Doron, Managing Partner at Greenfield Partners, added: “We continue to be firm believers in the prospect of silicon photonics becoming a key enabler for data centers to meet the increasingly demanding requirements brought upon by AI, as demonstrated by the company’s recent momentum.”
