Tech Company Financing Transactions
Optalysys Funding Round
Optalysys, based in Leeds, secured $27.1 million from imec.xpand, Lingotto and Northern Gritstone.
Transaction Overview
Company Name
Announced On
7/17/2023
Transaction Type
Venture Equity
Amount
$27,059,000
Round
Series A
Investors
Proceeds Purpose
The funds will 'allow the company to launch its technology on a cloud-based service model, in partnership with system integrators and service providers. Initial photonic systems developed by Optalysys will also be made available to end-users via an Accelerator program - ahead of the first high-speed Enable chips being produced within 24 months'. It will also build out its teams in Europe and the US.
Company Information
Company Status
Private & Independent
Industry
Manufacturing
Mailing Address
7D Platform New Station St
Leeds, LS1 4JB
UK
Leeds, LS1 4JB
UK
Phone
Website
Email Address
Overview
Our optical processing technology is enabling a new age of secure computation by unlocking the power of Fully Homomorphic Encryption.
Profile
Social Media
Company News
Facebook
YouTube
Management Team
Title
Name
Email & Social
Chief Executive Officer
Nicholas New
Chief Operating Officer
Andrew Ward
Chief Technical Officer
Robert Todd
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