Monday, October 12, 2020

Rockley Photonics secures $50 million in funding

 Rockley Photonics, a start-up specializing in integrated optical chips and modules, has closed an additional $50 million of growth funding from leading deep-tech VCs, strategic investors, and institutional funds including Credit Suisse backed SIG-i Capital and Applied Ventures, the venture capital arm of Applied Materials, as well as existing shareholders. To date, Rockley has raised over $225 million of financing to develop its unique silicon photonics platform.

“It is testament to the strength of our technology and emerging market opportunities that we have attracted such a preeminent list of new investors to join many of our existing shareholders in this funding round,” said Andrew Rickman, chief executive officer, Rockley Photonics. “This round provides the funding for Rockley as it moves into the next exciting growth phase and develops next generation disruptive silicon photonics powered healthcare and wellness sensors and communications products for its Tier-1 customers.”

Rockley Photonics was founded by Dr. Andrew Rickman in 2013. The company has offices in Pasadena, San Jose, Oxford, Cardiff, Cork, and Helsinki.