LONDON – Skorpios Technologies Inc., a 2009 startup developing composite silicon photonic technology as announced it has closed a $19 million Series B round of financing.
Ericsson, Nokia Siemens Networks and other unnamed communications companies particopated in the funding round, as did previous investors Cottonwood Technology Fund and Sun Mountain Capital. The money is to be used to complete the commercialization of the technology and expansion of the company infrastructure, said Skorpios (Albuquerque, N.M.).
Skorpios was founded in July 2009 by experienced entrepreneurs and industry executives and is led by president and CEO Stephen Krasulick. The company's CTO is John Dallesasse who is leading the development of silicon photonic ICs based upon a wafer-scale process for selective integration of III-V materials on SOI substrates.
Skorpios, which is working with an unnamed foundry partner, says that its 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) and is fully supported within existing standard CMOS foundry processes.
"Skorpios' large scale silicon photonics technology and integration process is spearheading the evolution of the networking industry," said Jan Haglund, president of Product Area IP & Broadband at Ericsson, in a statement issued by Skorpios.
"Skorpios has demonstrated the viability of their technology. This funding will enable the commercialization and widespread deployment of their solution and has the potential to transform and broaden the reach of the communications industry," said Lee Rand, partner at Sun Mountain Capital, in the same statement.
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