Chromosol receives follow-on seed financing from IP Group and the Future Fund
Chromosol, transforming the future of silicon photonics with a proprietary silicon-compatible gain medium, has received a further £250,000 seed investment from IP Group that has been matched by British Bank’s Future Fund.
This funding of £500,000 will allow Chromosol to develop its Silicon Photonics 2.0 platform, expand its current team of scientists and engineers and to begin the commercialisation of its novel technology in the emerging field of silicon photonics.
The technology has the potential to vastly increase the speed of data transfer and could form the basis of next-generation computer systems.
The investment from IP Group, a developer of intellectual property-based businesses, shows their continued support for the company and follows their initial pre-seed financing in 2017 and their further seed funding in 2019 Queen Mary spinout receives further funding to develop new optical communications technology.
Prof William Gillin, Founder and Chief Technology Officer of Chromosol, said: “I’m delighted that IP Group are investing in the next stage of Chromosol. This will allow us to build a new class of photonic devices, such as lasers, directly on to silicon chips.”
Lee Thornton, Investment Director, IP Group, said: “This world-leading technology offers the potential to greatly increase the power of modern computing architecture and aligns well with our aim of creating world-class science-based companies.”
Silicon Photonics 2.0 a holy grail
Chromosol uses laser materials to manipulate light directly on silicon chips, allowing them to communicate via pulses of light rather than electrical signals.
This approach has the potential to change the economics and performance of a number of industries, increasing the speed of data transfer whilst also reducing power consumption.
Paul May, Executive Chairman, said “This funding has allowed us to significantly expand our team of world class scientists and engineers, and provide the momentum to develop the next generation of silicon photonic chips which have fully integrated lasers and optical amplifiers – Silicon Photonics 2.0.”
“The funding is a validation of the significant progress we have made in developing the technology platform over the last year including the demonstration of fully integrated silicon optical amplifiers with > 5dB/cm gain, a very promising early result”
- Chromosol has published a paper jointly with QMUL in the Journal of Physical Chemistry Letters
- Chromosol receives further funding to develop new optical communications technology
- Chromosol receives follow-on seed financing from IP Group and the Future Fund
- Chromosol receives significant funding from Innovate UK to develop its Silicon Photonics 2.0 platform
- Chromosol wins Royal Society of Chemistry competition