Innolume secures Series C funding to ramp production and market its quantum dot lasers
Innolume (Dortmund, Germany and Santa Clara, CA), provider of quantum dot (QD) laser diodes and modules covering the 1000 nm to 1320 nm optical spectrum, secured a Series C round of financing for $13.4 million dollars. The round was led by S-Group Capital Management Limited (SGCM) with Applied Ventures, LLC joining as a new investor.
With this Series C funding, Innolume will enhance production capabilities and marketing activities to sustain growing revenues generated by unique quantum dot laser products for telecommunications, industrial and medical applications, as well as for further development of its revolutionary comb-laser and related photonic integrated circuits in cooperation with top-tier semiconductor companies. This comb source is a single laser diode providing hundreds of stable lasing lines for wavelength-division multiplexing (WDM) optical interconnects in computer applications.
"The race is on to reduce cost of optical solutions for short-reach interconnects to the level needed by high-volume, mainstream computing applications," said Juergen Kurb, CEO of Innolume. "Our vision is to enable high density, low cost WDM transmission by using a single light source for all wavelengths—Innolume's comb-laser. We are delighted that SGCM, Applied Ventures and existing investors share our vision and recognize this unique opportunity to access a multibillion dollar market." Juergen adds, "This funding will also enable Innolume to rapidly introduce to the market novel quantum dot based devices aimed at specific high-value medical applications."
This Series C round follows the $6.8 million A round in 2003 led by PolyTechnos Venture Partners and the $10.1 million B round in 2006 led by NRW.BANK.
For more information on Innolume, visit www.innolume.com.
For recent editorial on quantum dot lasers from Laser Focus World, see:
Extremely broadband quantum dot LEDs realized via rapid thermal annealing