Xscape Photonics, a New York-based startup that developed patented technology for photonic chips for bandwidth connections inside data centers and computing (HPC) systems, raised $10M in funding.
The round was led by Altair (Nasdaq: ALTR), a global leader in computational science and artificial intelligence (AI). As part of the investment, James R. Scapa, founder and chief executive officer, Altair, will assume a seat on Xscape Photonics’ board of directors and Altair will also secure a seat on the board of observers.
The company intends to use the funds to accelerate growth and expand operations.
Xscape has developed a platform that connects various computing elements in an environmentally sustainable way while offering the highest possible performance. This novel approach uses photonics to reduce power consumption and heat production while increasing the speed and power of communications, all to support the vast increase in the amount of data transferred
Xscape Photonics is led by Columbia University professors and world leading researchers in photonics, including:
- Alexander Gaeta – chief executive officer and co-founder; David M. Rickey Professor of Applied Physics at Columbia University and world leader in nonlinear photonics
- Keren Bergman – co-founder; professor at Columbia University, and world leader in photonic architectures for computing
- Michal Lipson – co-founder; professor at Columbia University, world leader in silicon photonics, and MacArthur Fellow
- Vivek Raghunathan – co-founder; senior principal engineer, Product Architecture, Silicon Photonics Founding Team at Broadcom; led Intel’s First SiPh Product Ramp
- Yoshi Okawachi – co-founder; research scientist at Columbia University and a world leader in photonic frequency-comb technology
FinSMEs
20/12/2022