OPTOSCRIBE, a supplier of 3D glass-based integrated photonics components, has closed its latest investment round after raising a seven-figure sum.
The funding round, led by Archangels, the Scottish business angel investment syndicate, with participation from Maven Capital Partners, Par Equity and Scottish Investment Bank, will be used for expansion and extended commercial engagement.
The Livingston-based firm’s laser direct-write technology produces optical components at a wafer level, primarily for optical communications applications such as optical transceivers in the data centre market, or precision fibre alignment structures and interconnects for high density fibre-optic connections.
READ MORE: Photonics firm Optoscribe raises £2.8m
Nick Psaila, chief executive at Optoscribe, said: “We have made great progress over the past year, strengthening our strategic partnerships, extending our customer base and concentrating on being designed-in to our customers’ volume products.
“This investment round will enable us to increase the range of our commercial engagement, continue with our focused growth plans and the development of our range of unique products and solutions, with the anticipation of a further investment round within the next 18 months.”
David Ovens, joint managing director at Archangels, said: “Optoscribe has been at the forefront of innovation in the optical communications market for a number of years now, and its direct write technology looks destined to be central to many of the next generation of optical transceivers and optical interconnect products.”
David Milroy, of Maven Capital Partners, said the firm has “a range of best-of-breed solutions”.
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