Oxford, UK and Pasadena, California, 29 January 2021 – Rockley Photonics, a number one built-in optics options supplier, at this time introduced that it has closed a further $65m spherical of development capital from each new non-public funds and follow-on present investor Morningside Ventures. To date, Rockley has raised over $290m of financing to develop its distinctive silicon photonics platform from current buyers equivalent to Credit Suisse backed SIG-I Capital and Applied Ventures, LLC, the enterprise capital arm of Applied Materials, Inc.
Dr Andrew Rickman, Rockley Photonics CEO
“There is tremendous need for technologies that can enable effective digital health and wellness, driven by the associated benefit provided to population health,” mentioned Andrew Rickman, chief govt officer, Rockley Photonics. “This funding provides the resources for Rockley to dramatically accelerate its product offerings, particularly our integrated optical sensors products. We are committed to our Tier-1 customers and our ability to help expand their product offerings and the innovative data-driven business models these products will enable.”
“We are very pleased to support Rockley at this juncture of the company’s development and contribute to the commercial success of their integrated optical chipsets and related products in multiple markets,” mentioned Mick Sawka, Investment Manager at Morningside Group. “We believe that silicon photonics is at a tipping point, and the technical attributes of Rockley’s platform, coupled with the strong product roadmap and established high-volume production ecosystem, uniquely positions the company for growth in exciting verticals of interest including health care and communications. We have confidence in the deep expertise and proven track record of the Rockley team to deliver exceptional results.”
Rockley Photonics was lately named as an early constituent within the Lazard T100 Venture Growth Index (T100), a creating assortment of fastidiously chosen corporations demonstrating the potential to disrupt multi-billion-dollar sectors and shaping the European enterprise development ecosystem.
About Rockley Photonics
Rockley Photonics is a number one built-in photonics chipset developer and module provider for high-volume sensor and communication merchandise. Formed in 2013, Rockley is led by Dr. Andrew Rickman, the founding father of the primary industrial silicon photonics firm, Bookham Technology.
Rockley has positioned itself for hyper scale manufacture with a uniquely succesful platform that may deal with a number of enormous and rising markets, together with well being monitoring in shopper units, knowledge communications and machine imaginative and prescient.
Rockley has partnered with a number of Tier-1 prospects throughout the markets it serves to ship the complicated optical programs required for transformational product realization.
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