Sicoya GmbH, a Berlin, Germany-based company that develops integrated silicon photonics based microchips for optical interconnects, raised €3.5m in Series A funding.
Munich-based venture capital firm Target Partners led the round.
The company intends to use the funds for product development and expansion of global sales activities.
Led by Dr. Sven Otte (CEO) and Dr. Stefan Meister (CTO), Sicoya develops silicon photonics based Application Specific Photonic Integrated Circuits (ASPICs) for optical data center interconnects outperforming legacy copper based solutions and first generation optical transceivers. The company’s products comprise novel patented modulator concepts and co-integration of ultra-small optical and electrical circuits into one single chip to enable the delivery of mobile devices, social networking, cloud computing, and virtual reality applications.
Sicoya is planning to increase the financing round together with further investors and public funding sources to at least €5m in equity and R&D financing.