Tracxn - Photonics Startup Landscape

Copyright © 2019, Tracxn Technologies Private Limited. All rights reserved.Feed Report - Photonics - Jun 2019
Contents
Feed Summary
Investment Trends
Market Details
Exit Outlook
Investors
News
Appendix
2
TAKE SHARPER DECISIONS
WITH TRACXN
✓ Analyst team Covering 250+ Sectors
✓ Proprietary Business Model tagging
✓ 6000+ On-demand Queries answered
✓ Sector Reports, Market Maps
✓ One-Click Connect with Founders
Join 500+ Investors & Corporates to get the
Tracxn Advantage

Contents
Feed Summary
Investment Trends
Market Details
Exit Outlook
Investors
News
Appendix
3
Feed Summary
Investment Trend Summary
Exit Outlook Summary
BlueBox
Summary of Key Markets
Notable Companies in the Sector
Recent News

Note: Mega Companies includes IPO’d companies, Mega Acquisitions and Unicorn. Data is taken from Tracxn Platform as on June 21, 2019.
Photonics Feed Summary
4
Photonics > Feed Summary
Companies making use of the particle properties of light (or photons) to develop applications in the field of electronics,
semiconductors, life sciences, etc.
• Inclusions: Companies developing products in various
applications of photonics such as optoelectronics, photonic
integrated circuits, quantum optics, nanophotonics, and
biophotonics; includes optical devices, enabling technologies
and major applications in all the mentioned technologies.
• Exclusions: Products and enabling technologies of classical
optics such as lenses, prisms, mirrors, etc.; consumer lighting
and imaging solutions such as LED bulbs, contact lenses,
cameras lenses, etc.; medical devices working in the non-
visible electromagnetic spectrum; and companies providing
consultancy and imaging services without a self-manufactured
equipment.
• Excludes funding information of Chinese companies
Feed in Numbers
Overview
$3.8B
Funding
39
Mega
Companies
213386
FundedCovered on
Tracxn
4
Unicorns
17
Soonicorns
16
Minicorns
30
IPO’d Cos
98
Late Stage Cos
36
46
Acquisitions
4
DeadPooled
-
Acquihired
Series A+ Cos
II-VI Incorporated
(1971, Saxonburg)
Seoul
Semiconductor
(1992, Ansan-si)
Macom
(1950, Lowell)
Top Companies

Investment Trend Summary
Summary of Funding Activity in Photonics
5
$100M - PE
Source Photonics (2007, West Hills, $100M)
$30M - Series B
SiFotonics Technologies (2004, Woburn,
$30M)
$41.1M - Series D
Oxford Photovoltaics (2010, Oxford, $141M)
$25.5M - Series C
Quanergy (2012, Sunnyvale, $160M)
$40M - Series C
Rockley Photonics (2013, Pasadena, $130M)
$24M - Series A
Ayar Labs (2015, San Francisco, $26.5M)
$33M - Series C
QD Laser (2006, Kawasaki, $50.2M)
$22.2M - Series A
Lightmatter (2012, Boston, $33.2M)
$30M - Series C
$20M - Series B
TiBit Communications(2014, Petaluma,
$40.1M)
Top Geos of InvestmentEntrepreneurial Activity Global Funding Trend
*YTD *YTD
Photonics > Feed Summary > Investment Trend Summary
Seed Venrock (#1), Founders Fund (#1), HTGF (#1)
Series A/B Intel Capital (#2), Matrix Partners (#1), GV (#1)
Series C+
SoftBank Ventures Korea (#1), Mitsubishi UFJ Capital (#1), Mega
Investment (#1)
Incubators Venture Kick (#2), Playground Global (#2), DG Incubation (#1)
Other Notable
Investors
Samsung Venture Investment (#3), Scottish Enterprise (#3), UK
Government (#2)
Debt Investors
Western Technology Investment (#6), Kreos Capital (#3), Export
Development Canada (#2)
Most Active InvestorsRecent Investments
25
22
10
25
10
2014 2015 2016 2017 2018 2019*
Y-o-Y # of Companies Founded 18 23 28 26 31 15
$2.6B
$417M
$213M
$183M
$53.5M
US
Europe
Canada
Israel
Japan
$ Funding
$298M$185M
$92M
$243M
$144M $174M
$595M
30
2014 2015 2016 2017 2018 2019*
$ Funding # Rounds

Summary of exit outlook in Photonics
Exit Outlook Summary
66
Most Active AcquirersTop Investors in Exits
Western Technology
Investment
4
Luxtera (2001, Carlsbad, $91.1M)
Inphi (2000, Santa Clara, $78.5M)
Herald Investment
Management
4
NeoPhotonics (1997, San Jose, $218M)
Samsung Venture
Investment
3
Eurofund 2
ColorChip (2001, Caesarea, $151M)
CyOptics (1999, Breinigsville, $57M)
Summit Partners 2
Acacia Communications (2009, Maynard,
$20M)
Macom (1950, Lowell)
Dec 2018 Luxtera Acq by Cisco for $660M
Aug 2018 ColorChip for $300M
Oct 2016 Rofin Acq by Coherent for $942M
Apr 2013 CyOptics Acq by Avago Tech for $400M
Feb 2012 Lightwire Acq by Cisco for $271M
Jul 2011 Ophir Optronics Acq by Newport for $230M
Jun 1995 Macom Acq by AMP for $277M
Photonics > Feed Summary > Exit Outlook Summary
Cisco 2 Luxtera (Dec 2018, $660M), Lightwire (Feb 2012, $271M)
Gooch &
Housego
2 EM4 (Dec 2010), Alfalight (Jul 2016)
bookham.com 2 Onetta (May 2004, $23.3M), Avalon Photonics (Mar 2006)
Metrohm 2
Innovative Photonic Solutions (Jan 2018), B&W Tek (Jul
2018)
Safety
Technology
Holdings
2 Fibercore (Feb 2017), OpTek (Feb 2019)
Recent IPOs Top Acquisitions
Browave Dec 2012
Wavelength Division Multiplexer modules a…
IPO MCap: -
Macom Mar 2012
Developer of optical and analog semicondu…
IPO MCap: -
Microsaic Systems Apr 2011
MEMS based miniaturised Mass spectrograph…
IPO MCap: $13.1M
NeoPhotonics Feb 2011
Designs, manufacturers, and markets stand…
IPO MCap: $258M
APAC Opto Electronics May 2016
Manufacturer of optical cables and transc…
IPO MCap: -
Acacia Communications May 2016
High-speed coherent optical interconnect…
IPO MCap: $820M
Lumentum Jul 2015
Manufacturer of the lasers and optical co…
IPO MCap: -
Genesis Photonics Aug 2014
Manufacturer of LED wafer and LED chip pr…
IPO MCap: -

Marketmap: Photonics
OPTOELECTRONICS
PHOTONIC INTEGRATED CIRCUITS
MATERIAL PLATFORMS
APPLICATION-SPECIFIC PICs
III-V COMPOUNDS
SILICON PHOTONICS*
DATA CENTRES*
OPTICAL FIBERS
PHOTONIC COMPUTING*
BIOPHOTONICS
BIOPHOTONIC IMAGING* LIGHT THERAPY
OPTICAL NETWORK
QUANTUM OPTICS
QUANTUM COMPUTING*
NANOPHOTONICS
MATERIALS*
LEDs
PHOTOVOLTAIC CELLS
PRODUCTS
LASER TECHNOLOGY
QUANTUM
OPTICAL SPECTROSCOPY
PHOTONIC SUITE
Overview
Companies 386
Funded 213 Series A+ 98
Funding $3.8B Last 2 yrs $518M
Most Active Investors
Seed Venrock (1)
Series A/B Intel Capital (2)
Series C+ SoftBank Ventures Korea (1)
Others Samsung Venture Investment (3)
Incubators Venture Kick (2)
Top Cities
Bay Area 40 Cos $1.3B
Vancouver 1 Cos $203M
Feed in Numbers
Unicorns 4 Soonicorns 17
Minicorns 16 Editor Picks 119
Acquihired - Deadpooled 4
Top Companies
II-VI
Incorporated
(1971, Saxonburg)
Seoul
Semiconductor
(1992, Ansan-si)
Exits
IPOs 30 Acacia Communications,
NeoPhotonics
Acquisitions 46 Rofin , Luxtera
Top Acquirers Cisco, Gooch & Housego
Photonics > Feed Summary > BlueBox
7

Key Sub Sectors in Photonics Sector
Summary of Key Markets
8
Sub Sectors
# Cos
Tracked
#
Funded
Total
Funding
Optoelectronics
Companies making use of the quantum mechanical
properties of light on electronics materials...
96 51 $1.3B
Photonic Integrated Circuits
Companies developing circuits on which multiple
photonic functions are integrated
49 34 $1.1B
Quantum Optics
Companies developing technologies which make use of
the quantum properties of photons...
114 59 $842M
Nanophotonics
Companies developing technologies which make use of
techniques to manipulate the behaviour...
58 30 $345M
Biophotonics
Companies making use of light-based technologies in
the field of life sciences, medicine...
59 35 $182M
Photonics Suite
Companies working as multi-product designers and
manufacturers across the various applications...
10 4 $61M
Photonics > Feed Summary > Summary of Key Markets

List of Notable Companies in Photonics
Notable Companies in the Sector
9
Note: *(Founded Year, Location, Total Funding)
Photonics > Feed Summary > Notable Companies in the Sector
Public
DASAN Zhone Solutions
(1999, Oakland)*
Seoul Semiconductor
(1992, Ansan-si)
Acacia Communications
(2009, Maynard, $20M)
Inphi
(2000, Santa Clara, $78.5M)
NeoPhotonics
(1997, San Jose, $218M)
OSI Systems
(1987, Hawthorne)
Impedimed
(1999, Pinkenba, $3.4M)
Microsaic Systems
(2001, Woking, $6.5M)
Enablence
(2003, Toronto, $93.5M)
Lightwave Logic
(1991, Longmont, $30.1M)
Public
Egide
(2014, Trappes, $8.7M)
II-VI Incorporated
(1971, Saxonburg)
POET Technologies
(2000, Toronto)
Micropac
(1963, Garland)
RF Industries
(1979, San Diego)
Aksh Optifibre
(1986, Delhi)
Amplification
Technology
(2002, Bensalem)
AP Systems
(1994)
Arima Lasers
(2007, Taoyuan City)
Browave
(1998, Hsinchu)
Public
Hamamatsu Photonics
(1953, Hamamatsu)
OE Solutions
(2003, Ridgefield Park)
Sterlite Technologies
(1988, Pune)
APAC Opto Electronics
(1998, Hsinchu)
Genesis Photonics
(2002, Tainan)
Lumentum
(2015, Milpitas)
Acquired
Rofin
(1975, Hamburg)
Luxtera
(2001, Carlsbad, $91.1M)
CyOptics
(1999, Breinigsville, $57M)
ColorChip
(2001, Caesarea, $151M)
Macom
(1950, Lowell)
Lightwire
(2009, Santa Clara, $14M)
Ophir Optronics
(1976, Jerusalem, $23.5M)
Aurrion
(2008, Santa Barbara, $22.6M)
Daylight Solutions
(2005, San Diego, $36M)
Teknovus
(2001, Petaluma, $62.6M)
Unicorns
Quanergy
(2012, Sunnyvale, $160M)

List of Notable Companies by Market in Photonics
Notable Companies by Market (1/7)
11
Photonics > Feed Summary > Notable Companies by Market
Optoelectronics
Horizontal
Lumentum (2015, Milpitas)
Manufacturer of the lasers and optical
communication products
Unicorn. Stage: Public
Emcore (1984, Alhambra)
Mixed-signal optical products for high-speed
communication network infrastructures
Minicorn. Stage: Acquired
Micropac (1963, Garland)
Manufacturer of devices and components for the
optical circuits
Editor's Pick. Stage: Public
APAC Opto Electronics (1998, Hsinchu)
Manufacturer of optical cables and transceivers for
optical network
Stage: Public
Diode
Ophir Optronics (1976, Jerusalem, $23.5M)
Developer of optronics solutions
Stage: Acquired
FIMI Opportunity Fund
Seoul Semiconductor (1992, Ansan-si)
Manufacturer of LEDs
Genesis Photonics (2002, Tainan)
Manufacturer of LED wafer and LED chip products
Stage: Public
Photovoltaic Cells
SoloPower (2005, San Jose, $228M)
Manufactures thin-film photovoltaic cells
Soonicorn. Stage: Series E
Crosslink Capital, Convexa, Firsthand Funds and 9
Other Investors
Develops perovskite solar cells
Soonicorn. Stage: Series D
Goldwind, Equinor, Legal & General and 9 Other
Investors

12
Optoelectronics
Optical Fibers
Sterlite Technologies (1988, Pune)
Fiber-optic cable, internet, network engineering,
and OSS/BSS solutions provider
Sterlite Technologies
Aksh Optifibre (1986, Delhi)
Optical fiber and optical fiber cable manufacturer
Stage: Public
Brand Capital
Optical Network
Optical technology components and subsystems
provider
Soonicorn. Stage: Acquired
Enablence (2003, Toronto, $93.5M)
Photonic integrated circuits for telecommunication
and related Industry
Export Development Canada, ZTE, Paradigm Capital
and 1 Other Investors
Teknovus (2001, Petaluma, $62.6M)
Ethernet Passive Optical Networking Chipsets
Stage: Acquired
Focus Ventures, Galleon Group, ITOCHU
Technology Ventures and 18 Other Investors
TiBit Communications (2014, Petaluma,
$40.1M)
Modules to virtualize access network using optical
switches
Soonicorn. Stage: Series B
Intel Capital, Liberty Global
Optical Network
Acacia Communications (2009, Maynard,
$20M)
High-speed coherent optical interconnect products
Soonicorn. Stage: Public
Summit Partners, Matrix Partners, Egan-Managed
Capital and 1 Other Investors
DASAN Zhone Solutions (1999, Oakland)
Optical networking equipment and network access
solutions provider
Developer of optical and analog semiconductor
components
Summit Partners, Western Alliance Bancorporation
RF Industries (1979, San Diego)
Cable assemblies and interconnect products
provider

13
Optoelectronics
Optical Network
Browave (1998, Hsinchu)
Wavelength Division Multiplexer modules and
subsystems provider
Stage: Public
JAFCO Asia
OE Solutions (2003, Ridgefield Park)
Optical transceivers and PON equipment provider
Stage: Public
Light Source
POET Technologies (2000, Toronto)
Monolithic optoelectronic devices patented process
Silicon Valley Bank
Packaging
Egide (2014, Trappes, $8.7M)
Provider of packaging solutions for the opto-
electronic devices and thermal imaging product

14
Material Platforms
NeoPhotonics (1997, San Jose, $218M)
Designs, manufacturers, and markets standard and
semi custom planar light wave circuits
Rusnano, ATA Ventures, DFJ and 23 Other Investors
Silicon photonics for high speed networks
Soonicorn. Stage: Series C
Morningside Ventures, Kreos Capital, Applied
Materials and 1 Other Investors
Luxtera (2001, Carlsbad, $91.1M)
Manufacturer of transceivers for optical
communication
Lux Capital, New Enterprise Associates, August
Capital and 7 Other Investors
Material Platforms
High-speed analog semiconductors
Mayfield, Flextronics, Walden International and 11
Other Investors
CyOptics (1999, Breinigsville, $57M)
Optical Components Manufacturer
Jerusalem Venture Partners, Birchmere Ventures,
Eurofund and 10 Other Investors
Lightwave Logic (1991, Longmont, $30.1M)
Develops polymer based PICs
Stage: Public
Lincoln Park Capital
Aurrion (2008, Santa Barbara, $22.6M)
Silicon photonic platform with InP materials
Stage: Acquired
Incubic
Material Platforms
Lightwire (2009, Santa Clara, $14M)
CMOS photonics technology for optical
communication
Editor's Pick. Stage: Acquired
Artiman Ventures, New Science Ventures, Novitas
Capital
II-VI Incorporated (1971, Saxonburg)
Provider of engineered material (II-VI material
based) for semiconductor equipment
Quan Fund

15
Application-specific PICs
ColorChip (2001, Caesarea, $151M)
High speed transceivers and PLC optical splitters
Scale Up Venture Capital, CIRTech RN, Gemini Israel
Ventures and 11 Other Investors
Quantum Optics
Quantum Computing
Amplification Technology (2002, Bensalem)
Manufacturer of discrete amplification photon
detector
Stage: Public
Terrapin Partners
Lasers
nLIGHT (2000, Vancouver, $203M)
Develops semiconductor, optical and fiber lasers
Soonicorn. Stage: Series F
Mohr Davidow Ventures, Menlo Ventures, Oak
Investment Partners and 10 Other Investors
Provides quantum dot lasers, semiconductor
optical devices, & amplifiers
AXA, NTT Docomo Ventures, DG Incubation and 8
Other Investors
Daylight Solutions (2005, San Diego, $36M)
Quantum Cascade Laser based molecular detection
and imaging systems
Editor's Pick. Stage: Acquired
Life Ventures, Northrop Grumman, Moore Venture
Partners and 5 Other Investors
Arima Lasers (2007, Taoyuan City)
Manufacturer of the laser diodes for multiple
applications
Stage: Public

16
Quantum Optics
Lasers
Gooch & Housego (1948, Ilminster)
Manufacturer of the fiber coupled pumped lasers
Stage: Acquired
Alto Invest, Herald Investment Management
Rofin (1975, Hamburg)
Developer of lasers with industrial applications
Stage: Acquired
UK Government
Applications
Provider of tools for real-time 3D mapping & object
recognition using LiDAR
Unicorn. Stage: Series C
Motus Ventures, Delphi Automotive, Samsung
Venture Investment and 17 Other Investors
AP Systems (1994)
Manufacturer of the laser equipment for the
material processing
Stage: Public
ARGES Private Equity
Nanophotonics
Nanophotonic Products
Nanosys (2001, Palo Alto, $189M)
Developer of quantum dots & films for LCD display
screens
Samsung Venture Investment, Department of
Energy, Venrock and 17 Other Investors
Glo (2010, Lund, $81.7M)
Nanotechnology based LED Technology
Soonicorn. Stage: Series D
Google, Wellington Partners Venture Capital,
Teknoinvest and 8 Other Investors

17
Biophotonics
Analytics and Sensing
Microsaic Systems (2001, Woking, $6.5M)
MEMS based miniaturised Mass spectrography on a
chip
Stage: Public
Parkwalk, Herald Investment Management
Impedimed (1999, Pinkenba, $3.4M)
Bioimpedance Spectroscopy technologies
Stage: Public
Versant Ventures, Starfish Ventures
OSI Systems (1987, Hawthorne)
Manufacturer of electronic systems for homeland
security & healthcare industry
Photonics Suite
Photonics Suite
Hamamatsu Photonics (1953, Hamamatsu)
Manufacturer of photodetectors, cameras, and light
sources
Stage: Public

List of Notable Companies in Photonics in China
Notable Companies in the Sector in China
18
Photonics > Feed Summary > Notable Companies in the Sector in China
Public
AVIC Photoelectric
(2012)
Unicorns
Eoptolink
(2008, Chengdu)

Recent News in Photonics Sector
Recent News
19
Photonics > Feed Summary > Recent News
Jun 2019
2019 NanoScientific Symposiums on Scanning Probe Microscopy
co-sponsored by Park Systems offered at Multiple Locations
Worldwide, PR Newswire
Jun 2019
Forth Dimension Displays to Supply 3.1 MPixel Spatial Light
Modulator Featured in Optalysys Optical Computing Product,
Business Wire
Jun 2019 ICL, Fujikura to make inroads into southern Africa, ITWeb
Jun 2019
II-VI Incorporated to Showcase Innovations at Laser World of
Photonics 2019, GlobeNewswire
Jun 2019
Acacia Communications Adopts Cadence Palladium Z1 Enterprise
Emulation Platform to Accelerate Optical Networking Development,
Business Wire
Jun 2019
European Radiology Profiles Seno Medical's Ground-Breaking
Breast Cancer Diagnostic Technology, CMOCRO
Jun 2019
Orange and Sosh bring fibre offers to more public initiative
networks run by Covage, Telecompaper
Jun 2019
MACOM Announces Restructuring Initiative, Updates Fiscal Third
Quarter 2019 Guidance, Business Wire
Jun 2019
II-VI Incorporated Introduces High Power Collimated Laser Bars
and Collimated Semi-framed Stacks for Direct Diode and DPSS
Lasers, GlobeNewswire
Jun 2019
EMCORE Announces Appointment of Bruce Grooms to its Board of
Directors, GlobeNewswire
Key Recent News Key Recent News
Jun 2019
InGaAs image sensor detects short-wavelength-IR up to 2.55µm,
European Business Press
Jun 2019
Seoul Semiconductor Files 2nd Patent Litigation against Distributor
of Philips TV Products for Infringement of LCD Backlight System
Technology, Business Wire
Jun 2019
RF Industries Reports Sales Growth of 28% and Net Income Growth
of 66% Sequentially in Second Quarter of Fiscal 2019, GlobeNewswire
Jun 2019 RF Industries Names Board Member, sdbj.com
Jun 2019
EMCORE acquires Systron Donner Inertial for $25.8M; lowers Q3
revenue guidance, Seeking Alpha
Jun 2019
Excelitas Technologies Highlights OmniCure LED UV Curing
Solutions at OptiNet China, inkworldmagazine.com
Jun 2019
Hamamatsu Photonics K.K. Has Developed a Novel 3D Fluorescence
Scanning Method Called Zyncscan That Performs an X-Z Plane Scan
With a Light-Sheet for Cell-Based Fluorescence Assays in
Microplates, CMOCRO
Jun 2019
Promoter Of Sterlite Technologies Revokes All Pledged Shares,
BloombergQuint
Jun 2019
World’s first field-deployed testbed for multi-core fibre
communications, newelectronics.co.uk
Jun 2019
InGaAs area image sensor extends hyperspectral cameras’ scope,
eeNews Analog
Jun 2019
Microsaic Systems plc Distribution Agreement with CM Corporation
Ltd., directorstalkinterviews.com

Contents
Feed Summary
Investment Trends
Market Details
Exit Outlook
Investors
News
Appendix
20
Funding Trends
Median Deal Size and Trend
New Entrants in Funding Club
Distribution of companies by Funding Range
Funding Funnel of the Sector
Top Investments and Investors
Investors in Unicorn club

Some more Sector Reports you might want to check out
Join 4000+ people taking sharper decisions with Tracxn
Cross Border Commerce
Apr 2019
Docker Ecosystem
Apr 2019
eSports
Apr 2019

Investments ($M) and number of rounds in Photonics; 2012-2019
Global Funding Trends (1/2)
22
Note: Funding excludes Grant, Debt and Post IPO rounds. Excludes all details for Chinese companies
Photonics > Investment Trends > Global Funding Trends
#Rounds
$Funding
3 Year CAGR
6 Year CAGR 10% # of Rounds4% $ Funding
6% # of Rounds
23% $ Funding
$298M
$138M
$56M
$185M
$92M
$243M
$144M
$174M
$595M
0
5
10
15
20
25
30
35
$0k
$100M
$200M
$300M
$400M
$500M
$600M
$700M
2012 2013 2014 2015 2016 2017 2018 2019*
$ Funding Predicted $ Funding # Rounds Predicted # Rounds

$971K $9M $7M $4M $11M $15M $21M $500K
$30M
$47M
$64M
$59M
$109M $54M $65M
$93M
$107M $0K $113M $30M $123M $75M $87M $204M
2012 2013 2014 2015 2016 2017 2018 2019 YTD
Seed Early Stage Late Stage
5 8 8 6 9 11 10 2
7
8
6
14
9
11
15
8
10 4 3 10 4 6 5
2012 2013 2014 2015 2016 2017 2018 2019 YTD
Seed Early Stage Late Stage
22
15
Total # of Rounds
23
Note: Mega Rounds = rounds with size > $20M. Funding excludes Grant, Debt and Post IPO rounds. Excludes all details for Chinese companies
Stage-wise Number of RoundsStage-wise $ Invested
New Entrants in Funded Club
Global Funding Trends (2/2)
Investments ($M) and number of rounds in Photonics; 2012-2019
Photonics > Investment Trends > Global Funding Trends
15
6
8
7
12
10
4
62
$3.1M
$4.0M
$0.0M
$2.0M
$4.0M
$6.0M
$8.0M
$10.0M
$12.0M
0
10
20
30
40
50
60
70
2013 2014 2015 2016 2017 2018 2019 YTD Total
Entrants in Funding Club Avg. Ticket Size
$3.1M $1.9M $1.4M $1.3M $2.8M $7.7M $9.7M $4M
$138M
$298M
Total $ Invested
$276M
$22M $20M
$156M
$25M
$189M
$35M
$90M
$553M
14
0
2
4
6
8
10
12
14
16
0
100000000
200000000
300000000
400000000
500000000
600000000
2012 2013 2014 2015 2016 2017 2018 2019 YTD
$ Funding Predicted $ Funding # of Rounds Predicted # Rounds
Mega Rounds
1 1 5 1 5 1 3 7

Photonics > Investment Trends > Funding Trends by Geography
Investments ($M) and number of rounds in Photonics
Funding Trends by Geography
Funding Trends by Geography Top Cities of Funding
City $ Funding # Rounds
Bay Area 1.3B 76
Vancouver 203M 9
Ottawa 164M 9
Oxford 120M 11
Billerica 111M 2
West Hills 100M 1
Caesarea 97.4M 7
Carlsbad 91.1M 4
Bedford 81.7M 8
Pasadena 70M 2
Total Funding
226
93
23
15
7
2
1
1
# Rounds
$2.6B
$417M
$213M
$183M
$53.5M
$36M
$3.4M
$3.4M
US
Europe
Canada
Israel
Japan
Scotland
Australia
Taiwan
Note: Excludes funding information of China companies

Trend of Average Deal Size ($M)
$0.2
$1.3 $1.1 $0.9
$1.4 $1.5
$2.1
2012 2013 2014 2015 2016 2017 2018
Photonics > Investment Trends > Median Deal Size and Trend
Median and Average Deal Size in $M (per Stage) in Photonics; 2012-2018
Median Deal Size and Trend
Note: Excludes funding information of Chinese companies. *Graph not to scale
Median Deal Size and Range
$25K* $9M
$150K $30M
$1.4M $90M
$2.7M $100M
$18.1M
$6M
$3.1M
$975K
Series C+
Series B
Series A
Seed
Stage
$8.7
$4.2
$24.0
$6.8
$32.9
$3.4 $2.8
$11.9
$28.4
$15.0 $17.5 $18.6 $21.7
$2.5
$6.5
$9.9
$4.5
$1.7
$5.5 $6.6

Note: 105 companies with undisclosed funding amount are not included
26
<$1M
$1-10M
$10-50M
$50-100M
$100M+
Funding Range
14
48
36
13
11
No. of Companies
Photonics > Investment Trends > Distribution of companies by Funding Range
No. of companies by funding range in Photonics; as of Jun 2019
Distribution of companies by Funding Range
$5M
$206M
$945M
$905M
$1.8B
$ Investment

Stage No. of Companies
Funding
Funnel
100%
55%
25%
15%
9%
27
Note: Numbers in the brackets show the count of companies
Time to raise
next round
36
57
98
213
386
Series C+
Series B
Series A
Funded
Founded
Next
Round
100M+
Valuation
Exits
Acqui-
Hired
Dead
Pooled
Others
55% 12%
(48)
11%
(41)
- 1%
(4)
44%
(169)
46% 21%
(44)
17%
(37)
- 2%
(4)
52%
(111)
58% 26%
(25)
16%
(16)
- 3%
(3)
39%
(38)
63% 35%
(20)
18%
(10)
- 5%
(3)
32%
(18)
- 53%
(19)
28%
(10)
- 6%
(2)
33%
(12)
Photonics > Investment Trends > Funding Funnel
Number of companies progressing to subsequent funding stages in Photonics
Funding Funnel
16 Months
22 Months
21 Months
Investment backedBootstrapped
17
4
37
26
9
4
Soonicorns
Unicorns
Acquisitions
IPOs

Note: Seed Stage (Seed, Angel), Early Stage (Series A, Series B), Late Stage (Series C+, PE)
Photonics > Investment Trends > Notable Investments in last 24 months
Major funding rounds by Stage in Photonics; Jun 2017-Jun 2019
Notable Investments in last 24 months (1/3)
LATE STAGE
$100M - PE Feb 2019
Optical technology components and subsystems
provider
$41.1M - Series D Mar 2019
Goldwind, Equinor, Legal & General
$40M - Series C Mar 2018
$33M - Series C Apr 2019
Provides quantum dot lasers, semiconductor optical
devices, & amplifiers
AXA, NTT Docomo Ventures, DG Incubation, Tokyo
Century
$30M - Series C Mar 2019
LATE STAGE
$25.5M - Series C Nov 2018
Provider of tools for real-time 3D mapping & object
recognition using LiDAR
$15M - Series D Aug 2017
Glo (2010, Lund, $81.7M)
Nanotechnology based LED Technology
Google
$11.2M - Series D Apr 2018
Statoil, Legal & General Capital
$10M - Series F May 2018
screens
$7.5M - Series F Aug 2017
screens
LATE STAGE
Series C Oct 2018
Provides quantum dot lasers, semiconductor optical
devices, & amplifiers
NTT Docomo Ventures

EARLY STAGE
$30M - Series B Feb 2019
SiFotonics Technologies (2004, Woburn,
$30M)
Silicon photonics components and ICs
$24M - Series A Nov 2018
Ayar Labs (2015, San Francisco, $26.5M)
Photonics based microprocessors
GlobalFoundaries, Intel Capital, Playground Global,
Founders Fund
$22.2M - Series A Feb 2019
Developer of AI based photonic microprocessors
GV, Matrix Partners, Spark Capital
$20M - Series B Apr 2019
$40.1M)
switches
Intel Capital
EARLY STAGE
$11M - Series A Feb 2018
Matrix Partners, Spark Capital
$6.3M - Series A Mar 2018
$40.1M)
switches
$5.7M - Series A Jul 2017
Cailabs (2013, Rennes, $12.1M)
Mode multiplexers and light converters provider
Safran, Innovacom, Starquest Capital
$3.5M - Series A May 2019
NanoPhotonica (2009, Lake Mary, $9.1M)
Develops light emitting nano-materials for
electronic displays
Samsung NEXT
EARLY STAGE
$3.4M - Series A Nov 2018
Develops light emitting nano-materials for electronic
displays
$2.8M - Series B Mar 2019
VUV Analytics (2009, Austin, $26.2M)
Vacuum Ultraviolet absorption spectroscopy for
masses
$2.3M - Series B Sep 2017
masses
$2M - Series B Jul 2018
masses

SEED STAGE
$3.3M - Seed Dec 2018
LightOn (2016, Paris, $3.3M)
Develops AI based application specific photonic
integrated circuits
Anorak Ventures, Quantonation
$1.8M - Seed Sep 2017
Develops light emitting nano-materials for electronic
displays

Photonics > Investment Trends > Notable Investments in last 24 months in China
Notable Investments in last 24 months in China
EARLY STAGE
$153M - Series A Jan 2018
Surestar (2005, Beijing, $153M)
Developer of imaging LiDAR solutions and laser
scanners

Most Active Investors (VC, PE) by Stage in Photonics; Last 5 years (Jun 2014-Jun 2019)
Most Active VC & PE Investors
32
Photonics > Investment Trends > Most Active VC & PE Investors
SEED STAGE
Venrock
Atom Computing
1
Founders Fund
Ayar Labs
2
HTGF
Pulsar Photonics
3
Parkwalk
Opsydia
4
Innovacom
Cailabs
5
OMERS Ventures
Xanadu
6
Real Ventures
Xanadu
7
Golden Ventures
Xanadu
8
Par Equity
UniKLasers
9
Longwall Venture Partners
Mirico
10
EARLY STAGE
Intel Capital(2 Investments)
TiBit Communications, Ayar Labs
1
Matrix Partners
Lightmatter
2
GV
Lightmatter
3
Spark Capital
Lightmatter
4
Btov
EFFECT Photonics
5
Parkwalk
ROADMap Systems
6
NZVIF
Photonic Innovations
7
Liberty Global
TiBit Communications
8
IRDI Soridec Gestion
Novae laser
9
MaRS Innovation
QD Solar
10
LATE STAGE
SoftBank Ventures Korea
Speclipse
1
Mitsubishi UFJ Capital
Nanophoton Corporation
2
Mega Investment
Speclipse
3
IGP
ColorChip
4
Vintage Investment Partners
ColorChip
5
Scale Up Venture Capital
ColorChip
6
Quan Fund
Act Light
7
Life Ventures
Daylight Solutions
8
AP Systems
9
CIRTech RN
ColorChip
10

Photonics > Investment Trends > Most Active Ecosystem Investors
Top Ecosystem Investors in Photonics; Last 5 years (Jun 2014-Jun 2019)
Most Active Ecosystem Investors
INCUBATOR/ACCELERATOR
Venture Kick(2 Investments)
IRsweep, Qnami
1
Playground Global(2 Investments)
Ayar Labs, Fathom Computing
2
DG Incubation
QD Laser
3
Innovacorp
Metamaterial
4
NTT Docomo Ventures
QD Laser
5
Entrepreneur First
Crypto Quantique
6
Ecofuel
Aeponyx
7
Powerhouse Ventures
Photonic Innovations
8
Youngstown Business Incubator
Nanofabrica
9
Berkeley SkyDeck
ThinkCyte
10
OTHER NOTABLE INVESTORS
Samsung Venture Investment(3
Investments)
nLIGHT, Quanergy, Inphi
1
Scottish Enterprise(3 Investments)
Optoscribe, UniKLasers, Chromacity
2
UK Government(2 Investments)
Crypta Labs, CST Global
3
NSF(2 Investments)
Bakman, Diagnostic Ansers
4
Applied Materials(2 Investments)
Nanosys, Rockley Photonics
5
RVC USA(2 Investments)
Innolume, Nano Optic Devices
6
Barclays
M Squared
7
European Investment Bank
Oxford Photovoltaics
8
Google
Glo
9
DSM
QD Solar
10
DEBT INVESTORS
Western Technology Investment(6
Investments)
Terawave Communications, Inphi, Teknovus
1
Kreos Capital(3 Investments)
Rockley Photonics, Polatis, Finisar Sweden
2
Export Development Canada(2
Investments)
Enablence, Ranovus
3
Siparex
Novae laser
4

Photonics > Investment Trends > Investors in Unicorn club
Investors in Unicorn Club (1/3)

Photonics > Investment Trends > Unicorn Investors in the Sector
Unicorn Investors in the Sector

Contents
Feed Summary
Investment Trend
Market Details
Exit Outlook
Investors
News
Appendix
38
BlueBox
Key Sub Sectors
Detailed Sector Taxonomy
Top Markets of Investment Activity
Top Markets of Early Stage Investors
Market Deep Dive

Some more Sector Reports you might want to check out
Join 4000+ people taking sharper decisions with Tracxn
Advanced Materials
Apr 2019
Sensors
Apr 2019

Marketmap: Photonics Photonics > Market Details > BlueBox
40

Key Sub Sectors
41
Key Sub Sectors in Photonics
Market Top Companies
# Cos
Tracked
#
Funded
Total
Funding
Optoelectronics
Companies making use of the quantum mechanical properties of light on electronics materials
such as semiconductors
Macom (1950, Lowell, Public)
Seoul Semiconductor (1992, Ansan-si,
Public)
96 51 $1.3B
Companies developing circuits on which multiple photonic functions are integrated
II-VI Incorporated (1971, Saxonburg,
Public)
NeoPhotonics (1997, San Jose, Public)
49 34 $1.1B
Quantum Optics
Companies developing technologies which make use of the quantum properties of photons
and their interactions with matter
nLIGHT (2000, Vancouver, $203M)
114 59 $842M
Nanophotonics
Companies developing technologies which make use of techniques to manipulate the
behaviour of light on the nanoscale
Metamaterial (2011, Halifax, $13.7M)
58 30 $345M
Biophotonics
Companies making use of light-based technologies in the field of life sciences, medicine and
other bio-engineered systems
Seno Medical (2005, San Antonio, $46.9M)
Vivosight (2006, Maidstone, $8.7M)
59 35 $182M
Photonics Suite
Companies working as multi-product designers and manufacturers across the various
applications of photonics
Thorlabs (1989, Newton)
Teem Photonics (1998, Grenoble, $31M)
10 4 $61M
Photonics > Market Details > Key Sub Sectors

Detailed Sector Taxonomy (1/11)
42
Photonics > Market Details > Detailed Sector Taxonomy

43

44

45

46

47

48

49

50

51

52

Rank Market
Last 2 Years
$ Invested # Round Top Funded Company
1
(+46)
Photonic Integrated Circuits > Material Platforms > Silicon Photonics
Companies designing and manufacturing photonic integrated circuits which use silicon as an optical
medium
(Companies covered 5 | Funded 3 | Total Funding $143M)
$79.3M
(+$79.3M)
4
(+4)
Rockley Photonics
(2013, Pasadena, $130M)
2
(+4)
Nanophotonics > Nanophotonic Products > LEDs > Quantum Dots-enhanced
Companies providing LEDs built using quantum dots
$27.1M
(+$24.7M)
6
(+4)
Nanosys
(2001, Palo Alto, $189M)
3
(+21)
Photonic Integrated Circuits > Application-specific PICs > Photonic Computing >
AI-enabled
Companies developing AI-enabled photonic computing chipsets
(Companies covered 3 | Funded 2 | Total Funding $36.5M)
$36.5M
(+$36.5M)
3
(+3)
Lightmatter
(2012, Boston, $33.2M)
4
(-3)
Optoelectronics > Photovoltaic Cells
Companies developing photovoltaic cells which make use of semiconductor materials to convert light
to electricity
$52.3M
(+$773k)
2
(-3)
Oxford Photovoltaics
(2010, Oxford, $141M)
5
(+39)
Quantum Optics > Lasers > Diode Lasers > Quantum Dot
Companies manufacturing lasers using quantum dots as the base material
$33M
(+$33M)
2
(+2)
QD Laser
(2006, Kawasaki, $50.2M)
6
(+4)
Nanophotonics > Nanocharacterisation Techniques > Spectroscopy >
Ultraviolet-visible Spectroscopy
Companies providing nano spectrometer working in the UV to visible spectrum
$7M
(+$535k)
3
(+2)
VUV Analytics
(2009, Austin, $26.2M)
7
(+2)
Optoelectronics > Optical Network > Passive Optical Network > Ethernet PON
Companies providing systems for ethernet passive optical network configurations
$26.3M
(+$12.5M)
2
(+1)
TiBit Communications
(2014, Petaluma, $40.1M)
53
Note: The numbers in the bracket represent the change in a 2 year period.
Top Markets of Investment Activity (1/2)
Top Markets by Funding in Photonics in last 2 years (June 2017 - May 2019)
Photonics > Market Details > Top Markets of Investment Activity

Top Markets of Investment Activity (2/2)
Photonics > Market Details > Top Markets of Investment Activity

Rank Market # Investments Key Investments
1
Photonic Integrated Circuits > Application-specific PICs > Photonic Computing
Companies which develop photonic computing (photonics produced by lasers or diodes for computation)
enabled chipsets
(Companies created 2 | Funded 2 | Total Funding $26.5M )
1 Ayar Labs (2015, San Francisco, $26.5M)
2
Optoelectronics > Optical Network > Passive Optical Network > Ethernet PON
Companies providing systems for ethernet passive optical network configurations
(Companies created 3 | Funded 2 | Total Funding $103M )
1 TiBit Communications (2014, Petaluma,
$40.1M)
Note: Investors considered - Sequoia Capital, Accel Partners, Andreessen Horowitz, NEA, Greylock Partners, General Catalyst Partners, Benchmark Capital, KPCB, Khosla Ventures, Redpoint Ventures, Founders Fund, SV Angel, Index Ventures, Bessemer
Venture Partners, Lightspeed Venture Partners, Venrock, Draper Fisher Jurvetson, Institutional Venture Partners, Intel Capital, Battery Ventures
55
Top Markets of Early Stage Investors
Top Markets where Early Stage Investors are investing in last 2 years (June 2017 - May 2019)
Photonics > Market Details > Top Markets of Early Stage Investors

Incubators Ecofuel (#1)
Seed Fonds Innovexport (#1)
Series A/B Pangaea Ventures (#1)
Series C+ hengtonggroup.com (#1)
None
$5.9M - Series A
Aeponyx (2011, Repentigny, $13.5M)
$30M - Series C
Rockley Photonics (2013, Pasadena,
$130M)
$40M - Series C
Rockley Photonics (2013, Pasadena,
$130M)
$3.3M - Seed
Mar 2019
AEPONYX closes CAD 7.9 million financing round, PR
Newswire
Mar 2019
Elenion launches CSTAR silicon photonic BGA-packaged
coherent optical sub-assembly platform, Semiconductor Today
Feb 2019
Molex and Elenion Technologies Extend Investment to Bring
Silicon Photonic-based Solutions to Market, Business Wire
Jan 2019
Insight LiDAR Debuts Long-range LiDAR Based on FMCW for
Autonomous Vehicles, LEDinside
Jan 2019
Rockley Photonics completes silicon photonics platform for
sensing, Optics.org
Mar 2018
Rockley Photonics to establish R&D centre at Tyndall
National Institute, TechCentral Ireland
Mar 2018
Molex Optical Solutions Group and Elenion team up to
manufacture silicon photonics, Lightwave Online
Mar 2018 Rockley Photonics Gets $40M, TexasTechPulse
Jan 2018
Optical MEMS startup raises $3.4 million, European Business
Press
Dec 2017
AEPONYX closes CAD 4.3 million financing round towards
redefining next generation fiber optic telecom technology
with faster and more efficient global NG-PON2 standard,
PRWeb
Jul 2017
Rockley, EPSRC to Fund Partnership With
Southampton | Business | Jul 2017 | Photonics.com
, Photonics Media
Jan 2017
Silicon Photonics Market Size to Reach $918.3 Million by
2025, Sensors Online
News
-
1
2
3
5
M&A/IPO
Series C+
Series A+
Funded
Companies
Covered
Funding Funnel
Photonic Integrated Circuits > Material Platforms > Silicon Photonics: Market Factsheet
56
Exits
Recent InvestmentsCompanies designing and
manufacturing photonic
integrated circuits which use
silicon as an optical medium
Rockley Photonics
(2013, Pasadena, $130M)
Aeponyx
(2011, Repentigny, $13.5M)
Elenion Technologies
(2014, New York City)
SiLC
(2018, Monrovia)
Insight LiDAR
(2017, Lafayette)
Top Companies
#1 Top Markets of Investment Activity
Photonics > Market Details > Market: Silicon Photonics
Companies Created 5 | Funded 3 | Total Funding $143M
0
1
2
3
$0k
$50M
$100M
2014 2015 2016 2017 2018
Predicted Funding YoY Funding
Rounds Predicted Rounds
YoY Funding and Rounds
Market: Silicon Photonics

Photonic Integrated Circuits > Material Platforms > Silicon Photonics: Top Companies
Analyst’s Pick
Morningside Ventures, Kreos Capital, Applied
Materials, Rockley Group
Designing and manufacturing of chips for fiber
optic access to the cloud
Editor's Pick. Stage: Series A
Fonds Innovexport, Ecofuel, Pangaea Ventures
Elenion Technologies (2014, New York City)
Provider of silicon photonics-based chip design and
development
Editor's Pick. Stage: Funded
Marlin Equity Partners
SiLC (2018, Monrovia)
Provider of 4D vision sensing solution
Editor's Pick. Stage: Unfunded

Note: Overall Rating is a combination of Funding and Team rating, along with Execution, Size and Growth metrics
58
Photonic Integrated Circuits > Material Platforms > Silicon Photonics: Leaderboard
Better than Market Average
Overall
Rating
Company
Name
Year Location Stage
Funding
($M)
Funding
Rounds
Team
Rating
Execution Quality Size Metrics 6M Growth Metrics
App
Rating
App UI
Web
UI
Social
Followers
Mobile
Downloads
Mobile
Reviews
News
Mentions
Mobile
Reviews
Social
Followers
Δ % Δ %
5.0
Rockley
Photonics
2013 Pasadena Series C $130M 2 5 - - - 546 - - 13 - - 53 11%
3.7 Aeponyx 2011 Repentigny Series A $13.5M 3 3 - - - 73 - - 3 - - 3 4%
1.7
Elenion
Technologies
2014
New York
City
Funded - - 5 - - 3 - - - 4 - - - -
0.4
Insight
LiDAR
2017 Lafayette Unfunded - - 4 - - 3 - - - 2 - - - -
0.0 SiLC 2018 Monrovia Unfunded - - - - - 3 - - - 1 - - - -

Incubators
Ben Franklin Technology Partners (#1), Innovation Works
(#1)
Seed ARCH Venture Partners (#1), Venrock (#1)
Series A/B Lux Capital (#1), In-Q-Tel (#1)
Series C+ Samsung Venture Investment (#1), Intel Capital (#1)
None
$3.5M - Series A
NanoPhotonica (2009, Lake Mary,
$9.1M)
$3.4M - Series A
$9.1M)
$10M - Series F
$908k - Series A
Crystalplex (2004, Pittsburgh, $6.2M)
$1.8M - Seed
$9.1M)
$7.5M - Series F
$2.1M - Series A
Crystalplex (2004, Pittsburgh, $6.2M)
$250k - Seed
$9.1M)
Series F
$5M - Series F
May 2019 NanoPhotonica Receives $3.5M in Funding, FinSMEs
Apr 2019
Nanosys to Demonstrate Quantum Dot Innovations at
DisplayWeek 2019, PR Newswire
Dec 2018
Global Thermal Plasma Synthesis Market 2018-2025 Major
Growth By Key Players: Nanosys, Inc. (US), Hanwha
Nanotech Corporation (South Korea), Genefluidics, Alabama
Post Gazette
Dec 2018
Global Quantum Dots Market (2018-2023) is Forecast to
Grow at a CAGR of 30.93% - ResearchAndMarkets.com,
Business Wire
Nov 2018
Global Quantum Dots Market |Life Technologies Corp.,
Nanosys Inc., QD Vision Inc., Nanoco Technologies Ltd.,
Ocean NanoTech, QD Laser Inc., Evident Technologies Inc.,
LG Display Co. Ltd., NanoAxis, Samsung Electronics, InVisage
Technologies Inc., Quantum, openPR
Oct 2018
Global Inorganic Nanocrystals Market 2018 includes
Worldwide Top Manufacturers: Denka, Nanosys, Inc,
Advanced Nano Products, Truthweek
Sep 2017
Nanosys Inc files to say it raised $7.5 mln in equity financing,
Reuters
Apr 2016
Nanosys, QD Vision Patent Fight Could Shake Up Nanotech
Sector, Xconomy
Apr 2016 Nanosys, QD Vision Clash Over Quantum-Dot Patents, Twice
Jun 2015 Samsung Venture invests in Nanosys again - PE Hub, PE Hub
Nov 2012
Nanosys raises $15M to use ‘quantum dots’ to make displays
50 percent brighter, VentureBeat
Oct 2001
Flarion, Interwise Close Funding Rounds, The Wall Street
Journal
News
-
1
3
3
4
M&A/IPO
Series C+
Series A+
Funded
Companies
Covered
Funding Funnel
Nanophotonics > Nanophotonic Products > LEDs > Quantum Dots-enhanced: Market Factsheet
59
Exits
Recent InvestmentsCompanies providing LEDs built
using quantum dots
Nanosys
(2001, Palo Alto, $189M)
NanoPhotonica
(2009, Lake Mary, $9.1M)
Crystalplex
(2004, Pittsburgh, $6.2M)
Ocean NanoTech
(2004, San Diego)
Top Companies
Photonics > Market Details > Market: Quantum Dots-enhanced
0
5
10
$0k
$20M
$40M
2014 2015 2016 2017 2018
Market: Quantum Dots-enhanced

Nanophotonics > Nanophotonic Products > LEDs > Quantum Dots-enhanced: Top Companies
Analyst’s Pick
screens
Samsung Venture Investment, Department of
Energy, Venrock and 17 Other Investors
Develops light emitting nano-materials for
electronic displays
Minicorn. Stage: Series A
Samsung NEXT, Florida Institute For The
Commercialization of Public Research, The FAN
Fund

61
Nanophotonics > Nanophotonic Products > LEDs > Quantum Dots-enhanced: Leaderboard
Overall
Rating
Company
Name
Year Location Stage
Funding
($M)
Funding
Rounds
Team
Rating
App
Rating
App UI
Web
UI
Social
Followers
Mobile
Downloads
Mobile
Reviews
News
Mentions
Mobile
Reviews
Social
Followers
Δ % Δ %
5.0 Nanosys 2001 Palo Alto Series F $189M 15 5 - - - 1.4k - - 23 - - 91 7%
2.7
NanoPhotoni
ca
2009 Lake Mary Series A $9.1M 7 4 - - 3 51 - - 1 - - 1 2%
1.9 Crystalplex 2004 Pittsburgh Series A $6.2M 17 3 - - - - - - - - - - -
0.0
Ocean
NanoTech
2004 San Diego Unfunded - - 4 - - - 32 - - - - - - -

Incubators
Seed Anorak Ventures (#1), Quantonation (#1)
Series A/B Matrix Partners (#1), Spark Capital (#1)
Series C+
None
$22.2M - Series A
$3.3M - Seed
$11M - Series A
Feb 2019
Lightmatter Enters Next Phase of Development of Chips
Powered by Light, PR Newswire
Dec 2018
LightOn raises $3.3 million for optics-based AI data
processing, VentureBeat
Feb 2018
Startup integrates optical processing within data center |
eeNews Europe, European Business Press
News
-
-
1
2
3
M&A/IPO
Series C+
Series A+
Funded
Companies
Covered
Funding Funnel
Photonic Integrated Circuits > Application-specific PICs > Photonic Computing > AI-enabled: Market Factsheet
62
Exits
Recent InvestmentsCompanies developing AI-enabled
photonic computing chipsets
Lightmatter
(2012, Boston, $33.2M)
LightOn
(2016, Paris, $3.3M)
CogniFiber
(2016, Tel Aviv)
Top Companies
Photonics > Market Details > Market: AI-enabled
Companies Created 3 | Funded 2 | Total Funding $36.5M
0
2
4
6
$0k
$20M
$40M
2014 2015 2016 2017 2018
Market: AI-enabled

Photonic Integrated Circuits > Application-specific PICs > Photonic Computing > AI-enabled: Top Companies
Market: AI-enabled
Analyst’s Pick
Minicorn. Stage: Series A
GV, Matrix Partners, Spark Capital, MIT
Develops AI based application specific photonic
integrated circuits
Minicorn. Stage: Seed
Anorak Ventures, Quantonation, Otium

64
Photonic Integrated Circuits > Application-specific PICs > Photonic Computing > AI-enabled: Leaderboard
Market: AI-enabled
Overall
Rating
Company
Name
Year Location Stage
Funding
($M)
Funding
Rounds
Team
Rating
App
Rating
App UI
Web
UI
Social
Followers
Mobile
Downloads
Mobile
Reviews
News
Mentions
Mobile
Reviews
Social
Followers
Δ % Δ %
5.0 LightOn 2016 Paris Seed $3.3M 1 4 - - - 1.1k - - 2 - - 194 22%
4.9 Lightmatter 2012 Boston Series A $33.2M 3 4 - - 4 50 - - 1 - - - -
0.0 CogniFiber 2016 Tel Aviv Unfunded - - 3 - - 2 - - - - - - - -

Photonics > Market Details > Market: Photovoltaic Cells
Market: Photovoltaic Cells

Photonics > Market Details > Market: Quantum Dot
Market: Quantum Dot

Photonics > Market Details > Market: Ultraviolet-visible Spectroscopy
Market: Ultraviolet-visible Spectroscopy

Photonics > Market Details > Market: Ethernet PON
Market: Ethernet PON

Photonics > Market Details > Market: Multiplexer & Demultiplexer
Market: Multiplexer & Demultiplexer

Photonics > Market Details > Market: Cell Sorting
Market: Cell Sorting

Photonics > Market Details > Market: Photodyanamic Therapy
Market: Photodyanamic Therapy

#1 Top Markets of Early Stage Investors
Photonics > Market Details > Market: Photonic Computing
Market: Photonic Computing

Public Companies
Contents
Feed Summary
Investment Trend
Market Details
Exit Outlook
Investors
News
Appendix
87
Notable Acquisitions
Top Acquirers

Public companies (1/4)
89
List of Public Companies in Photonics
IPO Date Company
IPO
Mcap
Exchange
Ticker
May 2016
APAC Opto Electronics (1998, Hsinchu)
Manufacturer of optical cables and transceivers for optical network
TPE:4908
May 2016
Acacia Communications (2009, Maynard)
High-speed coherent optical interconnect products
$820M NASDAQ:ACIA
Jul 2015
Lumentum (2015, Milpitas)
Manufacturer of the lasers and optical communication products
NASDAQ:LITE
Aug 2014
Genesis Photonics (2002, Tainan)
Manufacturer of LED wafer and LED chip products
TPE:3383
Dec 2012
Browave (1998, Hsinchu)
Wavelength Division Multiplexer modules and subsystems provider
TPE:3163
Mar 2012
Developer of optical and analog semiconductor components
MTSI
Apr 2011
Microsaic Systems (2001, Woking)
MEMS based miniaturised Mass spectrography on a chip
$13.1M LON:MSYS
Feb 2011
NeoPhotonics (1997, San Jose)
Designs, manufacturers, and markets standard and semi custom
planar light wave circuits
$258M NYSE:NPTN
Nov 2010
Inphi (2000, Santa Clara)
High-speed analog semiconductors
$289M NYSE:IPHI
Oct 2007
Impedimed (1999, Pinkenba)
Bioimpedance Spectroscopy technologies
$29.4M ASX:IPD
Photonics > Exit Outlook > Public Companies

90
IPO Date Company
IPO
Mcap
Exchange
Ticker
Oct 2006
Lightwave Logic (1991, Longmont)
Develops polymer based PICs
LWLG
Jul 2004
Arima Lasers (2007, Taoyuan City)
Manufacturer of the laser diodes for multiple applications
TPE:3627
Nov 2003
DASAN Zhone Solutions (1999, Oakland)
Optical networking equipment and network access solutions
provider
$1.6B NASDAQ:DZSI
Jan 2002
Seoul Semiconductor (1992, Ansan-si)
Manufacturer of LEDs
$960M KOSDAQ:46890
Oct 1997
OSI Systems (1987, Hawthorne)
Manufacturer of electronic systems for homeland security &
healthcare industry
$134M NASDAQ:OSIS
Jun 1997
RF Industries (1979, San Diego)
Cable assemblies and interconnect products provider
NASDAQ:RFIL
Oct 1987
II-VI Incorporated (1971, Saxonburg)
Provider of engineered material (II-VI material based) for
semiconductor equipment
NASDAQ:IIVI
Egide (2014, Trappes)
Provider of packaging solutions for the opto-electronic devices and
thermal imaging product
EPA:GID

91
IPO Date Company
IPO
Mcap
Exchange
Ticker
Sterlite Technologies (1988, Pune)
Fiber-optic cable, internet, network engineering, and OSS/BSS
solutions provider
OE Solutions (2003, Ridgefield Park)
Optical transceivers and PON equipment provider
AVIC Photoelectric (2012)
Provides optical interconnect solutions to defense industry
Micropac (1963, Garland)
Manufacturer of devices and components for the optical circuits
AP Systems (1994)
Manufacturer of the laser equipment for the material processing
KOSDAQ:265520
POET Technologies (2000, Toronto)
Monolithic optoelectronic devices patented process
CVE:PTK
Hamamatsu Photonics (1953, Hamamatsu)
Manufacturer of photodetectors, cameras, and light sources
Enablence (2003, Toronto)
Photonic integrated circuits for telecommunication and related
Industry
CVE:ENA
Aksh Optifibre (1986, Delhi)
Optical fiber and optical fiber cable manufacturer
BOM:532351

92
IPO Date Company
IPO
Mcap
Exchange
Ticker
Amplification Technology (2002, Bensalem)
Manufacturer of discrete amplification photon detector

Notable Acquisitions (1/2)
93
Notable Acquisitions in Photonics
Photonics > Exit Outlook > Notable Acquisitions
Acq. Date Company Acquirer Deal Size
Dec 2018
Luxtera (2001, Carlsbad)
Manufacturer of transceivers for optical communication
Cisco $660M
Dec 2018
Axsun Technologies (1998, Billerica)
Develops and manufactures MEMS-based optical engines
Excelitas
Aug 2018
ColorChip (2001, Caesarea)
High speed transceivers and PLC optical splitters
$300M
Jul 2018
B&W Tek (1997, Newark)
Manuafacturer of optical spectroscopy, laser
instrumentation and portable/lab grade Raman systems.
Metrohm
Mar 2017
Daylight Solutions (2005, San Diego)
Quantum Cascade Laser based molecular detection and
imaging systems
Drs $150M
Jan 2017
Source Photonics (2007, West Hills)
Optical technology components and subsystems provider
TR Capital
Oct 2016
Rofin (1975, Hamburg)
Developer of lasers with industrial applications
Coherent $942M
Aug 2016
Aurrion (2008, Santa Barbara)
Silicon photonic platform with InP materials
Juniper Networks $165M
Jul 2016
Alfalight (1998, Madison)
Laser and electro-optical systems
Gooch & Housego

Notable Acquisitions (2/2)
94
Notable Acquisitions in Photonics
Photonics > Exit Outlook > Notable Acquisitions
Acq. Date Company Acquirer Deal Size
May 2016
Polatis (2000, Bedford)
Optical switches provider
HUBER+SUHNER
May 2013
Kotura (2004, Monterey Park)
Silicon photonics optical interconnect technology
Mellanox Technologies $82M
Apr 2013
CyOptics (1999, Breinigsville)
Optical Components Manufacturer
Avago Tech $400M
Feb 2012
Lightwire (2009, Santa Clara)
CMOS photonics technology for optical communication
Cisco $271M
Jul 2011
Ophir Optronics (1976, Jerusalem)
Developer of optronics solutions
Newport $230M
Feb 2010
Teknovus (2001, Petaluma)
Ethernet Passive Optical Networking Chipsets
Broadcom $123M
Mar 2009
Covega (2003, Jessup)
InP and LiNbO3 to produce high performance optical
devices
Thorlabs
Sep 2007
Terawave Communications (1998, Hayward)
GPON based products
Occam Networks $3.2M
May 2004
Onetta (2000, Sunnyvale)
Optical amplifier modules and susbsystems provider
bookham.com $23.3M
Jun 1995
Developer of optical and analog semiconductor components
AMP $277M

Most Active Acquirers
95
Photonics > Exit Outlook > Most Active Acquirers

Contents
Feed Summary
Investment Trend
Market Details
Exit Outlook
Investors
News
Appendix
96
Details on VC & PE Investors
Seed Stage
Early Stage
Late Stage
Details on Top Ecosystem Players

Photonics > Investors > Index of Most Active VC & PE Investors
Index of Top Investors (VC, PE) by Stage in Photonics; Last 5 years (Jun 2014 - May 2019)
Index of Most Active VC & PE Investors
SEED STAGE
Venrock
Founders Fund
HTGF
Parkwalk
Innovacom
OMERS Ventures
Real Ventures
Golden Ventures
Par Equity
Starquest Capital
UK Innovation & Science Seed Fund
Technologiegrunderfonds Sachsen
QingSong Fund
Anorak Ventures
EARLY STAGE
Intel Capital (2 Investments)
Matrix Partners
GV
Spark Capital
Btov
Parkwalk
NZVIF
Liberty Global
IRDI Soridec Gestion
MaRS Innovation
New Science Ventures
Samsung NEXT
Target Partners
MB Venture Partners
Rising Tide Fund
LATE STAGE
SoftBank Ventures Korea
Mega Investment
IGP
Quan Fund
Life Ventures
CIRTech RN

Venrock
99
Portfolio in Photonics | Exits | Funds Link | Website | LinkedIn | Twitter
Photonics > Investors > Venrock
Investments
[Soonicorn] Nanosys (2001, Palo Alto, $189M, Series F)
Developer of quantum dots & films for LCD display screens
Photonics Notable Portfolio
[Unicorn] Intarcia (1997, Boston, $1.4B, Series J)
Osmotic pump for subcutaneous drug delivery
[Unicorn] Boston Power (2005, Westborough, $638M,
Deadpooled)
Lithium-ion battery provider
[Unicorn] Zenefits (2013, San Francisco, $584M, Series C)
SaaS HR Platform for SMBs
[Unicorn] Dataminr (2009, New York City, $570M, Series E)
Social media analytics
[Unicorn] Devoted Health (2017, Waltham, $369M, Series B)
Provider of health insurance plans and healthcare services for seniors
[Unicorn] CloudFlare (2009, San Francisco, $332M, Series E)
DDoS prevention, cloud application acceleration, and CDN
[Unicorn] Sapphire Energy (2007, San Diego, $290M, Series D)
Produces crude oil from algae biomass
[Unicorn] Infinera (2000, Sunnyvale, $271M, Public)
Optical Networking Systems
[Soonicorn] Lucid Motors (2007, Menlo Park, $1.2B, Series D)
Developer of electric car
[Soonicorn] Genband (1999, Plano, $695M, Series D)
Unified communication and IP products provider
[Soonicorn] Mevion Medical Systems (2004, Littleton,
$520M, Series F)
Proton therapy systems for oncology
Other Notable Portfolio
Top Exits Recent News on Fund & Portfolio
Geographical Spread Stage of Entry
Apr 2019
Nanosys to Demonstrate Quantum Dot Innovations at
DisplayWeek 2019, PR Newswire
Dec 2018
Quantum dot Market to be Grow in Globe by Key Players –
Quantum Materials, Samsung Electronics (QD Vision),
Nanosys, Nanocrystalline Technology,
industryjournal24.com
Dec 2018
Global Thermal Plasma Synthesis Market 2018-2025
Major Growth By Key Players: Nanosys, Inc. (US), Hanwha
Nanotech Corporation (South Korea), Genefluidics,
Alabama Post Gazette
Dec 2018
Business Wire
Dec 2018
Global Quantum Dot Display Market 2018 – InVisage
Technologies, Nanoco Group, Nanosys, Inc., NNCrystal
U.S. Corporation, Ocean NanoTech, QD Vision, Inc.,
QDLaser, Inc., Qlight Nanotech, thestocknewsnow.com
Dec 2018
Global Quantum Dots Technology Market Insights 2018-
2024: Nanosys, Inc., Nanoco Group PLC., QD Laser, Inc.,
NN-Labs, LLC., 99wire.com
None
2014 2015 2016 2017 2018 2019
Follow On New Investments
-
-
-
-
2
Undisclosed
Series C+
Series B
Series A
Seed2
-
-
-
-
US

Founders Fund
100
Photonics > Investors > Founders Fund
People
Investments
[Minicorn] Ayar Labs (2015, San Francisco, $26.5M, Series A)
[Unicorn] Lyft (2012, San Francisco, $5.1B, Public)
On-Demand Taxi
[Unicorn] Airbnb (2008, San Francisco, $3.8B, Series F)
Marketplace for vacation rental accommodations
[Unicorn] SpaceX (2002, Hawthorne, $2.7B, Series I)
Reusable Space launch vehicles
[Unicorn] Palantir Technologies (2004, Palo Alto, $2.3B,
Series I)
Intelligence products to Augment Human Driven Analysis
[Unicorn] Facebook (2004, Menlo Park, $2.3B, Public)
Social networking site
[Unicorn] Spotify (2006, Stockholm, $2.1B, Public)
On-demand music streaming platform
[Unicorn] Flexport (2013, San Francisco, $1.3B, Series E)
Online freight forwarder
[Unicorn] Oscar (2012, New York City, $1.3B, Series D)
Internet-first health insurance provider
[Unicorn] Stripe (2010, San Francisco, $861M, Series E)
API-linked payment gateway for transaction processing
[Unicorn] Affirm (2012, San Francisco, $800M, Series F)
Online lending platform for purchase financing
[Unicorn] Postmates (2011, San Francisco, $678M, Series F)
On Demand Delivery through Mobile App
Top Exits
Recent News on Fund & Portfolio
Ken Howery
Co-Founder & Partner
Luke Nosek
Co-Founder & Partner
Jan 2019
First Silicon for Photonics Startup with DARPA Roots, The
Next Platform
Jan 2019
Ayar Labs Accelerating First Commercial Products to
Meet Industry Demand, Business Wire
Nov 2018
Optical Chip Startup Ayar Labs Raises $24 Million To
Boost Data Speeds, Forbes
Apr 2018
Fast, efficient optoelectronic chips to hit market next year,
NewAtlas
Dec 2017
GloFo backs startup to put optical I/O on ICs, European
Business Press
Dec 2017
GLOBALFOUNDRIES and Ayar Labs establish strategic
collaboration to speed up data center applications, Solid
State Technology
None
11
2014 2015 2016 2017 2018 2019
-
-
-
-
1
Undisclosed
Series C+
Series B
Series A
Seed1
-
-
-
-
US

Parkwalk
101
Photonics > Investors > Parkwalk
People
Investments
[Soonicorn] Oxford Photovoltaics (2010, Oxford, $141M,
Series D)
[Soonicorn] YASA (2009, Kidlington, $35.7M, Series C)
Manufacturer and supplier of electric motors & controllers
[Minicorn] Cytora (2013, Cambridge, $41.5M, Series B)
Real time data analytics for geographic security threats
[Minicorn] Fluidic Analytics (2013, Cambridge, $40.5M, Series
C)
Develops microfluidic-based tools for protein characterization
[Minicorn] GeoSpock (2013, Cambridge, $27.9M, Series A)
Provides a scalable data infrastructure and analytics solution
[Minicorn] Undo (2005, Cambridge, $19.3M, Series B)
Recording and Debugging tools for C/C++ tools on Linux and Android
[Minicorn] Oxbotica (2014, Oxford, $18.4M, Series A)
Platform agnostic operating system for autonomous vehicles
[Minicorn] Sphere Fluidics (2010, Cambridge, $16.7M, Series B)
Single cell analysis technology
[Minicorn] Animal Dynamics (2015, Oxford, $10.1M, Series A)
Develops biomimetic robots and drones for multiple applications
[Minicorn] Ditto (2017, Manchester, $7.6M, Series A)
Automated software bot for advisory and technical guidance
[Minicorn] Wazoku (2011, London, $5.9M, Series A)
Idea management software
[Minicorn] Jukedeck (2012, London, $3.8M, Series A)
Automated music creation platform
Top Exits
Alastair Kilgour
Co-Founder & CIO
Moray Wright
Co-Founder
Apr 2019
Oxford PV raises €36 million for its super-efficient solar
cells from Chinese renewable energy giant Goldwind, EU-
Startups
Mar 2019
Meyer Burger, Oxford PV sign perovskite cooperation
deal, PV Magazine
Mar 2019
Oxford PV raises $41m to commercialize perovskite tech,
PV Magazine
Jan 2019
Perovskite Solar Panels Are Closer To Commercial
Production, Clean Future
Dec 2018
Oxford PV sets new perovskite-silicon tandem solar cell
achieving 28% efficiency, OSA DIrect
Oct 2018
Solar panel theoretical efficiency limit increases by 33%,
PV Magazine
Sep 2018
Oxford-based Partnership To Develop All-perovskite Cell,
compoundsemiconductor.net
Aug 2018
Oxford PV leads consortium to prepare perovskite solar
cells for high volume manufacturing, OSA DIrect
Jun 2018
Oxford PV takes record perovskite tandem solar cell to
27.3% conversion efficiency, PV-Tech
Microsaic Systems
(2001, Woking, $6.5M)
IPO - Apr 2011
1
2
1
2014 2015 2016 2017 2018 2019
-
-
1
-
2
Undisclosed
Series C+
Series B
Series A
Seed4
-
-
-
-
Europe

Innovacom
102
Photonics > Investors > Innovacom

OMERS Ventures
103
Photonics > Investors > OMERS Ventures

Par Equity
104
Photonics > Investors > Par Equity

105
Photonics > Investors > Longwall Venture Partners

Contents
Feed Summary
Investment Trend
Market Details
Exit Outlook
Investors
News
Appendix
106
Seed Stage
Early Stage
Late Stage

Intel Capital
107
Photonics > Investors > Intel Capital

Matrix Partners
108
Photonics > Investors > Matrix Partners

Parkwalk
109
Photonics > Investors > Parkwalk

New Science Ventures
110
Photonics > Investors > New Science Ventures

Rising Tide Fund
111
Photonics > Investors > Rising Tide Fund

Contents
Feed Summary
Investment Trend
Market Details
Exit Outlook
Investors
News
Appendix
112
Seed Stage
Early Stage
Late Stage

113
Photonics > Investors > Mitsubishi UFJ Capital

IGP
114
Photonics > Investors > IGP

115
Photonics > Investors > Vintage Investment Partners

116
Photonics > Investors > Scale Up Venture Capital

Quan Fund
117
Photonics > Investors > Quan Fund

Life Ventures
118
Photonics > Investors > Life Ventures

119
Photonics > Investors > ARGES Private Equity

CIRTech RN
120
Photonics > Investors > CIRTech RN

Contents
Feed Summary
Investment Trend
Market Details
Exit Outlook
Investors
News
Appendix
121
Incubators
Other Notable Investors
Debt Investors

Photonics > Investors > Index of Ecosystem Investors
Index of Top Ecosystem Investors in Photonics; Q2 2014 - Q2 2019
Index of Ecosystem Investors
INCUBATOR
Venture Kick (2 Investments)
Playground Global (2 Investments)
DG Incubation
Innovacorp
NTT Docomo Ventures
Entrepreneur First
Ecofuel
Powerhouse Ventures
Youngstown Business Incubator
Berkeley SkyDeck
OTHER NOTABLE INVESTORS
Samsung Venture Investment (3 Investments)
Scottish Enterprise (3 Investments)
UK Government (2 Investments)
NSF (2 Investments)
Applied Materials (2 Investments)
RVC USA (2 Investments)
Barclays
Google
DSM
AXA
DARPA
Sustainable Development Technology
Canada
National Institutes of Health
Western Alliance Bancorporation
DEBT INVESTORS
Western Technology Investment (6
Investments)
Kreos Capital (3 Investments)
Export Development Canada (2 Investments)
Siparex

Playground Global
123
Photonics > Investors > Playground Global
Investments
[Minicorn] Ayar Labs (2015, San Francisco, $26.5M, Series A)
[Editor's Pick] Fathom Computing (2014, Palo Alto, Funded)
Builds optical computing hardware, specifically for enabling artificial
neural networks
[Soonicorn] Nauto (2015, Palo Alto, $180M, Series B)
Driver monitoring & collision avoidance system using smartphone
[Soonicorn] Branch (2014, Palo Alto, $113M, Series C)
Deep Linking for Mobile App growth & attribution
[Soonicorn] Virta Health (2014, San Francisco, $82M, Series B)
Individualized therapies for metabolic health in chronic disease
patients
[Soonicorn] Skydio (2014, San Francisco, $70M, Series B)
Develops an autonomous consumer drone based on a proprietary
autonomy and obstacle avoidance engine
[Soonicorn] RightHand Robotics (2014, Cambridge, $34.2M,
Series B)
Object picking robotic gripper
[Minicorn] Relativity Space (2016, Seattle, $54.5M, Series B)
Developer of 3D printed launch vehicles for small payloads
[Minicorn] KeyssaTech (2009, Campbell, $47M, Series C)
Wireless technology based on millimeter-wave for data transfer
[Minicorn] Owl Labs (2014, Somerville, $26M, Series B)
360-degrees video conferencing robots
[Minicorn] CommonSense Robotics (2014, Tel Aviv, $26M,
Series A)
Robotic micro fulfillment solutions for online grocery
Top Exits Recent News on Fund & Portfolio
Jan 2019
First Silicon for Photonics Startup with DARPA Roots, The
Next Platform
Jan 2019
Ayar Labs Accelerating First Commercial Products to
Meet Industry Demand, Business Wire
Nov 2018
Optical Chip Startup Ayar Labs Raises $24 Million To
Boost Data Speeds, Forbes
Apr 2018
Fast, efficient optoelectronic chips to hit market next year,
NewAtlas
Dec 2017
GloFo backs startup to put optical I/O on ICs, European
Business Press
Dec 2017
GLOBALFOUNDRIES and Ayar Labs establish strategic
collaboration to speed up data center applications, Solid
State Technology
None
1
2014 2015 2016 2017 2018 2019
1
-
-
1
-
Undisclosed
Series C+
Series B
Series A
Seed2
-
-
-
-
US

DG Incubation
124
Photonics > Investors > DG Incubation
People
Investments
[Soonicorn] QD Laser (2006, Kawasaki, $50.2M, Series C)
Provides quantum dot lasers, semiconductor optical devices, &
amplifiers
[Unicorn] Go-Jek (2010, Jakarta, $3.1B, Series F)
Bike taxi aggregator and provider of multi-vertical on-demand services
[Unicorn] Facebook (2004, Menlo Park, $2.3B, Public)
Social networking site
[Unicorn] Twitter (2006, San Francisco, $755M, Public)
Social networking platform for real-time updates
[Unicorn] Wish Shopping (2011, San Francisco, $579M, Series F)
Mobile Social Shopping App
[Unicorn] Intercom (2011, San Francisco, $241M, Series D)
Customer communication and Retention Platform
[Unicorn] Twilio (2007, San Francisco, $240M, Public)
Cloud Communications API provider
[Soonicorn] Zilingo (2015, Singapore, $308M, Series D)
Online marketplace for fashion products
[Soonicorn] Cloudian (2011, Foster City, $176M, Series E)
Cloud Object Storage and Converged Infrastructure provider
[Soonicorn] Udemy (2010, San Francisco, $173M, Series D)
Marketplace for online courses
[Soonicorn] Droom (2014, Delhi, $126M, Series E)
Online marketplace to buy and sell automobiles
[Soonicorn] Blockstream (2014, San Francisco, $101M, Series B)
Blockchain development focused on sidechains innovation
Top Exits
Kaoru Hayashi
Co-Founder,
Chairman, CEO &
Director
Joichi Ito
Co-Founder & MD
Apr 2019 QD Laser beams in $33m, Global Corporate Venturing
Dec 2018
Business Wire
Dec 2018
Global Quantum Dot Display Market 2018 – InVisage
Technologies, Nanoco Group, Nanosys, Inc., NNCrystal
U.S. Corporation, Ocean NanoTech, QD Vision, Inc.,
QDLaser, Inc., Qlight Nanotech, thestocknewsnow.com
Dec 2018
Global Quantum Dots Technology Market Insights 2018-
2024: Nanosys, Inc., Nanoco Group PLC., QD Laser, Inc.,
NN-Labs, LLC., 99wire.com
Oct 2018 NTT DOCOMO Ventures Invests in QD Laser, WebWire
Sep 2018
$8.4 Billion Quantum Dots Market - Global Forecast to
2023: Key Players are Nanosys, Nanoco, QD Laser, NN-
Labs, Ocean NanoTech, QD Vision, Quantum Material,
Altair Nanotechnologies and InVisage -
ResearchAndMarkets.com, Business Wire
None
1
2014 2015 2016 2017 2018 2019
-
1
-
-
-
Undisclosed
Series C+
Series B
Series A
Seed1
-
-
-
-
Japan

Innovacorp
125
Photonics > Investors > Innovacorp
People
Investments
[Minicorn] Metamaterial (2011, Halifax, $13.7M, Series A)
Develops metamaterials and their applications for a number of
industries
[Unicorn] Tesla (2003, Palo Alto, $454M, Public)
Developer of electric cars
[Minicorn] aioTV (2010, Greenwood Village, $9M, Series B)
OTT Video platform
[Minicorn] Aqualitas (2014, Halifax, $4.3M, Series A)
Cultivation of medical cannabis using aquaponics methods
[Editor's Pick] Appili Therapeutics (2015, Halifax, $12.9M,
Series A)
Drugs to treat infections caused by gram-negative escape pathogens
and C. difficile.
[Editor's Pick] BlueLight Analytics (2009, Halifax, $3M, Series
A)
Provider of solution for customer relationship management
[Editor's Pick] Cribcut (2017, Halifax, $1.1M, Seed)
At-home beauty services provider
[Editor's Pick] Sedna Technologies (2017, Dartmouth, $50k,
Seed)
Seafood supply chain technology solutions provider
[Editor's Pick] ReelData (2018, Halifax, $25k, Seed)
AI-powered aquaculture feed management system
[Editor's Pick] Swell Advantage (2014, Halifax, $20k, Seed)
Markeplace to find and book dock and mooring spaces
[Editor's Pick] RetailDeep (2015, Halifax, Seed)
Sensor-based in-store analytics solution for offline retailers
Top Exits
Malcolm Fraser
President & CEO
Stephen Duff
President & CEO
Jan 2019
Dalhousie University, MTI, and Mitacs form $1.62 million
partnership exploring light manipulation, BetaKit
Dec 2018
Metamaterials Technologies Market: Growth
Opportunities, Trends, Share, Size, Top Players (Kymeta,
Metamaterial Technologies Inc (MTI), Metamagnetics,
Echodyne, Evolv Technology, Medical Wireless Sensing
(MediWise), Applied EM, Alight Technologies etc.),
openPR
Nov 2018
Global Metamaterial Market Insights 2018: Metamaterial
Technologies Inc., JEM Engineering, Kymeta Corporation,
Echodyne, Truthweek
Oct 2018
Satair and Metamaterial Technologies Inc. Sign
Distribution Deal to Bring Innovative Laser Strike
Protection to Global Aviation and Defence Markets, PR
Newswire
Jul 2018
Metamaterial Technologies Inc. Acquires Mediwise Ltd.,
PR Newswire
Jan 2018
Artemis Optical and Metamaterial Technologies Inc.
partner to develop hybrid filtering technology, CIE -
Online
None
11
2014 2015 2016 2017 2018 2019
-
-
-
-
1
Undisclosed
Series C+
Series B
Series A
Seed1
-
-
-
-
Canada

NTT Docomo Ventures
126
Photonics > Investors > NTT Docomo Ventures

Contents
Feed Summary
Investment Trend
Market Details
Exit Outlook
Investors
News
Appendix
127
Incubators
Debt Investors

Samsung Venture Investment
128
Photonics > Investors > Samsung Venture Investment

Scottish Enterprise
129
Photonics > Investors > Scottish Enterprise

UK Government
130
Photonics > Investors > UK Government

NSF
131
Photonics > Investors > NSF

Applied Materials
132
Photonics > Investors > Applied Materials

133
Photonics > Investors > European Investment Bank

AXA
134
Photonics > Investors > AXA

Sustainable Development Technology Canada
135
Photonics > Investors > Sustainable Development Technology Canada

National Institutes of Health
136
Photonics > Investors > National Institutes of Health

Western Alliance Bancorporation
137
Photonics > Investors > Western Alliance Bancorporation

Contents
Feed Summary
Investment Trend
Market Details
Exit Outlook
Investors
News
Appendix
138
Incubators
Debt Investors

Western Technology Investment
139
Photonics > Investors > Western Technology Investment

Kreos Capital
140
Photonics > Investors > Kreos Capital

Tracxn - Photonics Startup Landscape

Tracxn - Photonics Startup Landscape

Recommended

Recommended

More Related Content

What's hot

What's hot (20)

Similar to Tracxn - Photonics Startup Landscape

Similar to Tracxn - Photonics Startup Landscape (20)

More from Tracxn

More from Tracxn (20)

Recently uploaded

Recently uploaded (20)

Tracxn - Photonics Startup Landscape