DustPhotonics, a start-up based in Modi'in, Israel, raised US$24 million in Series B funding for its silicon photonics technology for data center and AI applications,
The oversubscribed funding round was funded by a combination of prominent investors, including new and existing investors such as Sienna Venture Capital, Greenfield Partners, Atreides Management, and Exor Ventures.
DustPhotonics said it plans to use the funding to scale production of its Carmel-4 and Carmel-8 products, used for 400Gb/s and 800Gb/s applications and to accelerate development of its next generation products which will enable 1.6Tb/s applications.
"We looked at innovative technologies supporting the fast-growing AI compute market, and DustPhotonics stood out as a leader in this market due to their technology and customer traction," said Isabelle Amiel-Azoulai, Founding Partner at Sienna Venture Capital. "We are excited by the customer agreements and backlog that the DustPhotonics team has generated with its Carmel-4 and Carmel-8 products, and look forward to working with the DustPhotonics team to help the company in this next growth phase."
