"EFFECT Photonics has raised an additional $24M in its Series D financing round, bringing the total raised in the round to $62M. This funding milestone highlights the strong market demand for their optical solutions."
"Roberto Marcoccia, CEO of EFFECT Photonics, expressed gratitude for the support of investors and partners, emphasizing that this funding will allow the company to execute aggressively on its roadmap."
"Founded in 2010, EFFECT Photonics specializes in photonic chips that utilize light for information transfer and focuses on providing affordable, scalable, and reliable solutions for optical interconnect markets."
"The company aims to address the challenges of 5G and cloud services with its compact integrated solutions that incorporate technologies such as Digital Signal Processing and Ultra-pure Light Sources."
EFFECT Photonics, based in Eindhoven, has secured an additional $24M in its Series D financing round, totaling $62M raised in this round. This funding affirms strong market demand for optical solutions. The company specializes in photonic chips that use light for data transfer, focusing on affordability, scalability, and reliability. It addresses the challenges faced by 5G and cloud services with its integrated solutions. Founded in 2010, EFFECT Photonics is a spin-off from the Eindhoven University of Technology and has expanded its operations internationally with offices in the UK, the US, and Taiwan.
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