The Oxford-based integrated optics provider secured the growth private equity investment led by SIG-i Capital to support its expansion into healthcare markets.
"Our optical sensing chipsets, with their unique analytical capabilities, bring benchtop testing capabilities to healthcare and wellbeing markets within handheld and wearable devices. Vafa’s extensive experience in the medical devices field will help to position Rockley for growth in this multibillion-dollar, high-volume market."
The University of Southampton spinout secured Series A backing from IQ Capital, Bloc Ventures, and the IP Group to scale its operations.
"From gaming and VR to automated robotic manufacturing lines and telemedicine, the use cases on the road to 5G appear almost limitless. But a critical roadblock remains – latency. For more than 15 years a research team led by Prof. Maunder, first at the University of Southampton and now at AccelerComm, has been working to solve the challenge to deliver on the 5G promise of a low latency, high throughput experience. We are delighted to have closed our Series A funding round, which will help us further develop and deploy our already market leading technology to help improve the efficiency of networks for many years to come."
The financing round was led by Erik Langaker to support ongoing production scale and manufacturing optimisation.
"We are delighted to welcome Erik to the Board. He brings us valuable experience alongside market-relevant knowledge at a pivotal time, as we scale the business towards our vision of a trillion flexible integrated circuits."
The funding round was led by Cambridge Enterprise with backing from Cambridge Angels, SyndicateRoom and Camvision.
"The team has done a fantastic job so far and Mario will continue to work closely with Michael as we ramp up production and bring new products to market,"
EMV Capital led the pre-series A round to support product development and partnership activities in 5G and satellite communications.
"We are very pleased to have supportive investors who understand the value of semiconductor-based hardware. This funding will be used to complete the development of our core RF technology platform. It will also support our activities with an ecosystem of corporate partners who share Sofant’s belief that RF MEMS will disrupt the market for high frequency SatCom and 5G antenna applications. It is a very exciting time for Sofant, and we look forward to working with our partners to change the way high frequency antenna systems are designed and built."