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Home > Hardware > SMART Photonics announced €35M Series C funding

SMART Photonics announced €35M Series C funding

SMART Photonics announced a €35M Series C investment from a Dutch consortium led by Innovation Industries.

Erdem Yasar by Erdem Yasar
July 3, 2020
in Hardware
1 min read
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Independent foundry for photonic integrated circuits, SMART Photonics announced a €35M Series C investment. The company also announced that funding will be used to expand its capacity for wafer manufacturing at the High Tech Campus in Eindhoven, accelerate the development of its photonic integration technology and firmly establish the technology in the marketplace. The funding includes a contribution from the Ministry of Economic Affairs and Climate Policy of The Netherlands through the Brabant Development Agency. KPN Ventures, PhotonDelta, and existing shareholders have also participated in the round.

Next-generation communication

Johan Feenstra, Chief Executive Officer at SMART Photonics
Johan Feenstra, Chief Executive Officer at SMART Photonics

SMART Photonics’ integration technology allows its customers to design chips for a variety of next-generation communication and highly accurate sensor applications in various industries. Johan Feenstra, Chief Executive Officer at SMART Photonics said,

“We are very excited to have the new consortium on board and to be able to bring our foundry to the next level thanks to this investment. This will allow us to scale up our volumes as we support our customers in bringing their first commercial products using photonic integration technology to the market. I am very grateful for the tremendous support we received from our investors, PhotonDelta partners and our long term R&D partner the Eindhoven University of Technology in making it happen.”

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Erdem Yasar

Erdem Yasar

Erdem Yasar is a news editor at Cloud7 News. Erdem started his career by writing video game reviews in 2007 for PC World magazine while he was studying computer engineering. In the following years, he focused on software development with various programming languages. After his graduation, he continued to work as an editor for several major tech-related websites and magazines. During the 2010s, Erdem Yasar shifted his focus to cloud computing, hosting, and data centers as they were becoming more popular topics in the tech industry. Erdem Yasar also worked with various industry-leading tech companies as a content creator by writing blog posts and other articles. Prior to his role at Cloud7 News, Erdem was the managing editor of T3 Magazine.

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