Wave Photonics, a Cambridge, UK-based computational photonics design technology company, raised £4.5M in Seed funding.
The round was led by The UK Innovation & Science Seed Fund and Cambridge Enterprise Ventures, with participation from the Redstone and QAI Ventures’ Quantum Fund, Kyra Ventures, and Deep Tech Labs. The round was complemented by non-dilutive funding via EIC and Innovate UK grants, taking the company’s total funding to date to £5.4M ($6.9M).
The company intends to use the funds to take its technology from a research manufacturing line to a commercial foundry, with a particular focus on solutions for frontier applications such as quantum technologies and biosensing.
Founded by James Lee and Matthew Anderson, Wave Photonics has built and validated its core computational photonics design technology to reduce photonic product development time and aims to use it to empowers transformative potential of integrated photonics.
FinSMEs