DustPhotonics – a leading developer of silicon photonics technology for data center and AI applications – announced the completion of its Series B follow-on funding round, an oversubscribed round of $24 million. The funding round was provided by a combination of prominent investors, including new and existing investors such as Sienna Venture Capital, Greenfield Partners, Atreides Management, and Exor Ventures.
The funding will be used to allow DustPhotonics to scale production of its industry-leading Carmel-4 and Carmel-8 products, used for 400Gb/s and 800Gb/s applications, and accelerate development of its next-generation products, which will enable 1.6Tb/s applications.
KEY QUOTES:
“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. We are excited by the customer agreements and backlog that the DustPhotonics team has generated with its Carmel-4 and Carmel-8 products, and look forward to working with the DustPhotonics team to help the company in this next growth phase.”
- Isabelle Amiel-Azoulai, Founding Partner at Sienna Venture Capital
“Greenfield Partners is excited to continue to support DustPhotonics in this upcoming phase of growth, on the back of strong execution by the DustPhotonics team across both product innovation and commercial wins. 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.”
- Yuda Doron, Managing Partner at Greenfield Partners
“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. 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.”
- Ronnen Lovinger, CEO of DustPhotonics
“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. I believe their upcoming innovations will allow them to further grow their position as a leader for next generation merchant silicon photonics products.”
- Avigdor Willenz, Chairman of DustPhotonics
