Wave Photonics secures £4.5M ($5.8M) to enable the widespread deployment of light-based chips

Wave Photonics has received £4.5M to develop on-chip photonics designs for quantum technologies, sensors, and datacentre applications. The UK Innovation & Science Seed Fund and Cambridge Enterprise led the round, with participation from the Redstone and QAI Ventures’ Quantum Fund, Kyra Ventures, and Deep Tech Labs. The investment 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).

This investment will enable the company 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.

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