©2020 AEA3 WEB
Image default
IT

Rockley Photonics closes $50m growth round

Rockley Photonics, an integrated optics solutions provider has today announced that it has closed an additional $50m of growth funding from leading deep-tech VCs, strategic investors, and institutional funds including Credit Suisse backed SIG-i Capital and Applied Ventures, LLC, the venture capital arm of Applied Materials, Inc., as well as existing shareholders.

Formed in 2013, Rockley is led by Dr. Andrew Rickman, the founder of the first commercial silicon photonics company Bookham Technology.

To date, Rockley has raised over $225m of financing to develop its unique silicon photonics platform. The Sunday Times also recently recognised Rockley Photonics as one of the ‘top 10 British tech companies to watch’.

“It is testament to the strength of our technology and emerging market opportunities that we have attracted such a preeminent list of new investors to join many of our existing shareholders in this funding round,” said Andrew Rickman, chief executive officer, Rockley Photonics.

“This round provides the funding for Rockley as it moves into the next exciting growth phase and develops next generation disruptive silicon photonics powered healthcare and wellness sensors and communications products for its Tier-1 customers.”

The post Rockley Photonics closes $50m growth round appeared first on UKTN (UK Tech News).

Related posts

WikiLeaks revelations ‘shed light of truth’ on war on terror, court hears

AEA3

Nokia signs five-year deal with Google Cloud to support its datacentre shutdown plans

AEA3

Tech startup Embargo signs major hospitality brands amid COVID-19 pandemic

AEA3

Your ads here. Click here