TLDR:
- DustPhotonics, an Israel-based developer of silicon photonics technology, raised $24M in a Series B follow-on funding round.
- The funding was led by a combination of new and existing investors such as Sienna Venture Capital, Greenfield Partners, Atreides Management, and Exor Ventures.
The article discusses how DustPhotonics, a developer of silicon photonics technology for data center and AI applications based in Modi’in, Israel, secured $24 million in a Series B follow-on funding round. The round was led by a mix of new and existing investors, including Sienna Venture Capital, Greenfield Partners, Atreides Management, and Exor Ventures. The company plans to use the funding to scale production of its Carmel-4 and Carmel-8 products for 400Gb/s and 800Gb/s applications and to speed up the development of products enabling 1.6Tb/s applications.
With CEO Ronnen Lovinger leading the company, DustPhotonics aims to meet the requirements of the optical networking market by providing improved bandwidth and speeds while reducing costs and power consumption. Lovinger expressed gratitude for the support of early investors and welcomed new partners for the company’s future growth. The article also mentions key players in the funding round and highlights DustPhotonics’ focus on advancing technology for hyperscale data centers and AI applications.
