Subscribe and receive the latest news from the industry.
Join 62,000+ members. Yes it's completely free.
Series B funding round led by Southeast Interactive Technology Funds, amount undisclosed
January 18, 2002
CHARLOTTE, N.C. -- Waveguide Solutions, Inc. ("Waveguide"), a leader in the development of printed monolithic optical circuits, today announced that it has completed an initial close on its latest round of venture financing (Series B). The round was lead by Southeast Interactive Technology Funds ("SEI") of Raleigh, NC, and Academy Venture Funds of Raleigh and Charlotte, NC. Waveguide anticipates that additional financial and strategic investors will participate in this round. Proceeds will be used to support continued product development based on the company's innovative technology, which enables printing of passive and active optical circuits onto semiconductor devices. "We, at SEI, are happy to continue our commitment to this young and exciting company in the emerging photonic space," said Suresh Arora, Waveguide Board member and SEI partner. "A number of high risk bets have been made in the pursuit of integration in the optical components, mostly with disappointing results due to the long learning curve and uncertainties involved with process based technologies. We are very bullish on Waveguide Solution's prospects since its Sol-Gel technology's ability to work with well proven semiconductor processes, removes a large risk from the overall challenge, and may just be the right ticket for the semiconductor companies to enter the photonics space on an accelerated basis."Waveguide Solutions Inc.
You May Also Like
Rethinking AIOPs — It's All About the DataMar 12, 2024
SCTE® LiveLearning for Professionals Webinar™ Series: Fiddling with Fixed WirelessMar 21, 2024
SCTE® LiveLearning for Professionals Webinar™ Series: Cable and 5G: The Odd Couple?Apr 18, 2024
SCTE® LiveLearning for Professionals Webinar™ Series: Delivering the DAA DifferenceMay 16, 2024