Essient Scores $7M

GLASGOW, U.K. -- Bringing with it eight years of photonic research, Essient Photonics has announced its first round of funding totaling US$7 million, led by Pond Ventures. The Glasgow-based company is a supplier of integrated III-V optoelectronic components for modulation and detection in 10Gbps and 40Gbps systems. With the support of the University of Glasgow and Scottish Enterprise, Professor Charles Ironside developed the technology that will be the foundation for Essient’s product development."From an early stage we identified the extensive benefits of advancing this technology in many growing market segments," said Pond Ventures’ partner Dr. Mike Gera. "Together, we have shaped the company strategy, hired key management and engaged with principal clients primarily in the US. Driving the adoption of breakthrough technologies is a top priority for Pond Ventures, and we are confident that Essient will establish itself as a market leader."Visit Essient at OFC Booth #547F