Dutch photonic chipmaker EFFECT Photonics raised an additional $24M (€20.4M) in Series D financing round, totaling $62M (€52.6M) raised overall.
The funding aims to accelerate optical innovation for data centre and edge networks according to CEO Roberto Marcoccia.
EFFECT Photonics, founded in 2010 in Eindhoven, focuses on photonic chips utilizing light for data transfer with a strong emphasis on affordability and reliability.
The company's solutions cater to 5G, cloud services, and access-ready coherent solutions, with headquarters in the Netherlands and offices in the UK, US, and Taiwan.