Dutch Foundry SMART Photonics Secures $111M in Financing
EINDHOVEN, Netherlands, July 13, 2023 — SMART Photonics, a foundry for photonic integrated circuits (PIC), has secured an additional round of funding of €100 million ($111 million) from a group of Dutch industry and finance investors. The scale-up company, which started as a spinoff of the Technical University of Eindhoven, said it will use the debt funding to extend its manufacturing capabilities and accelerate the development of its PIC technology platforms and process design kits. SMART Photonics, a foundry for photonic