Startup Funding: July 2021
The trend of big funding for Chinese autonomous driving companies continued in July, with three startups each drawing $100M or more for efforts in ADAS and computer vision for automotive. The month also saw one electric vehicle manufacturer get a massive boost as it begins production on its first models, while significant funding also went to a company that wants to recycle used up EV batteries. Plus, at-memory compute and graph streaming processors for AI, self-powered IoT devices, and fault tolerant quantum computing drew interest from investors. This month, we look at 35 companies that collectively raised over $4.9B.
Effect Photonics raises $37M to develop single-chip coherent optics
12 Mar 2021
First close of its Series C round, co-led by Smile Invest and existing investor Innovation Industries.
10Gbps 40km DWDM narrow tunable SFP+ transceiver for mobile fronthaul.Effect Photonics has this week announced the $37M (â¬31M) first close of its Series C funding round, co-led by Smile Invest together with existing investor Innovation Industries Fund, exactly one year after announcing the tape-out of its Manta full photonic integration coherent PIC (photonic integrated circuit).
Smile Invest is joined in backing the Eindhoven, Netherlands-based firm, by existing investors including Innovation Industries Fund, Photon Delta, btov Partners, Brabant Development Agency, and individual investors.