SMART Photonics Raises €35M in Series C Round

SMART Photonics, the independent foundry for photonic integrated circuits, today announced a €35M Series C investment from a Dutch consortium led by Innovation Industries.

Founded in 2012, SMART Photonics has earmarked the funds to expand its capacity for wafer manufacturing at the High Tech Campus in Eindhoven, accelerate the development of its photonic integration technology, and establish the technology in the marketplace.

SMART Photonics is an independent foundry for photonic integrated circuits, which provides small-scale integration and high performance combined with low energy consumption. Photonic integrated circuits will enable a variety of next-generation communication and highly accurate sensor applications in telecoms, health care, smart mobility, and sustainable industrial processes.

The investment “will allow us to scale up our volumes as we support our customers in bringing their first commercial products using photonic integration technology to the market,” said CEO Johan Feenstra.