Saturday, March 15, 2025
1.3 C
London
HomeFinTechEffect Photonics: Raises $40M in Additional Funding

Effect Photonics: Raises $40M in Additional Funding

Date:

ABN AMRO-Owned Neobroker Fined $1.6M for Paying Finfluencers

A Significant Penalty in the Financial Industry Highlights Regulatory...

AvidXchange Explores Potential Sale Amid Market Changes

What Investors Need to Know About AvidXchange's Strategic ShiftHighlights:...

Raisin Expands Its Offerings by Launching in Finland

Discover how Raisin is transforming the financial landscape in...

Effect Photonics Raises $40M in Additional Funding

  • Effect Photonics, an Eindhoven, The Netherlands-based developer of highly integrated optical solutions, raised an additional $40m in funding
  • The round was led by Invest-NL and Innovation Industries, along with other existing investors
  • The company intends to use the funds to accelerate product development and go-to-market initiatives, specifically those related to its integrated coherent optical product portfolio and solutions
  • EffectPhotonics is a vertically integrated, independent optical systems company addressing the need for high-performance, affordable optic solutions driven by the demand for bandwidth and faster data transfer capabilities
  • Effect aims to make products available in high volumes to address the challenges in 5G and beyond, access-ready coherent solutions, and cloud and cloud edge services

Related stories

spot_img

Subscribe

- Never miss a story with notifications

- Gain full access to our premium content

- Browse free from up to 5 devices at once

Latest stories