HyperLight Corporation, a Cambridge, MA-based provider of thin film lithium niobate (TFLN) photonic integrated circuits (PICs), raised $37M in funding.
The round was led by Summit Partners with participation from Xora Innovation, and Foothill Ventures. Peter Chung, Managing Director and CEO of Summit Partners, will join HyperLight’s Board of Directors.
The company intends to use the funds to accelerate product development and meet customer demand.
Led by CEO and President Mian Zhang, HyperLight designs, manufactures, and markets PICs based on its proprietary production grade TFLN platform, serving customers worldwide across optical communications, industrial equipment, and emerging photonics markets. Its TFLN PICs deliver high bandwidth and energy efficiency aligned with the current and future needs of AI/data center infrastructure, telecommunications optical networks, and high-performance computing.
FinSMEs
24/09/2024