Skorpios Technologies, a start-up based in Albuquerque, New Mexico, announced a follow-on investment to its Series B round of $19 million. The additional $2 million provided by T-Venture, Deutsche Telekom's venture capital company, brings total investment in the round to $21 million.
Skorpios Technologies has developed an advanced Composite Semiconductor on Insulator Technology promising lower cost, reduced size, and decreased power dissipation compared to traditional technology approaches. The technology allows the generation, detection and modulation of light to be monolithically integrated with high-speed electronic circuits in a standard CMOS-compatible process known as Composite-Semiconductor on Insulator (C-SOI).
"The integration of today's separated building blocks into a single chip provides various important effects for our network, such as capex and opex savings at the aggregation layer and core, but also the economic enabling of new technologies that are essential to our strategy," said Bruno Jacobfeuerborn, Director of Technology, Telekom Deutschland GmbH. "We are happy to support Skorpios in the realization of this disruptive approach with the investment from T-Venture." http://www.skorpiosinc.com
- Ericsson, Nokia Siemens Networks and other leaders in the communications ecosystem participated in the Skorpios Series B funding round. Also participating were founding investors Cottonwood Technology Fund and Sun Mountain Capital.
