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- HyperLight Secures $37M Series B Funding Led by Summit Partners
HyperLight Secures $37M Series B Funding Led by Summit Partners
Slice of Manufacturing Team
September 25, 2024
Key Highlights:
$37M Series B funding led by Summit Partners, with participation from Xora Innovation and Foothill Ventures.
Peter Chung from Summit Partners joins HyperLight's Board of Directors.
HyperLight's TFLN PICs offer unmatched bandwidth and energy efficiency, ideal for AI and telecom networks.
Funds will accelerate product development and expand HyperLight’s production capabilities.
Source: Business Wire
Notable Quotes:
"We believe TFLN will be the photonics platform of the future and identified HyperLight as an emerging category leader."
"This financing round, supported by investors with demonstrated experience in the photonics industry, will enhance our ability to serve the current and future needs of our customers."
Our Take:
HyperLight’s successful Series B funding marks a pivotal moment for the photonics industry. The company's leadership in thin film lithium niobate photonic integrated circuits positions it to revolutionize the optical communications and AI/data center infrastructure sectors. With the growing demand for more efficient and higher bandwidth solutions, HyperLight’s TFLN technology is poised to become the next major innovation in photonics, enabling the transition to faster, more energy-efficient networks. Summit Partners’ involvement further solidifies the company’s status as a key player in this transformative space.