Wave Photonics, a Cambridge-based startup, has secured £4.5M ($5.8M USD) to advance on-chip photonics for quantum technologies, sensors, and data centers. This funding round, led by the UK Innovation & Science Seed Fund and Cambridge Enterprise Ventures, also saw participation from Redstone and QAI Ventures’ Quantum Fund, Kyra Ventures, Parkwalk’s University of Cambridge Enterprise Fund IX (UCEF IX), and Deeptech Labs. Including non-dilutive funding from EIC and Innovate UK grants, Wave Photonics’ total funding reaches £5.4M ($6.9M USD).
Founded in May 2021 by James Lee, Mathew Anderson, and Mateusz Kubica, Wave Photonics aims to streamline the development of photonic integrated circuits (PICs) to make the production process more efficient and scalable, akin to semiconductor manufacturing. The new investment will transition their technology from research to commercial applications, particularly in quantum technologies and biosensing.
James Lee, CEO, expressed excitement about leveraging their design technology to solve industry challenges. Mark White of UKI2S highlighted the innovative approach and potential of Wave Photonics, while Dr. Christine Martin of Cambridge Enterprise emphasized the disruptive potential of integrated photonics in high-value industries. Chiara Decaroli of Redstone praised the team’s achievements and future impact on PIC design.
Additional information is available in Wave Photonic’s press release which can be accessed here.
June 20, 2024