Swedish deeptech company Solinide Photonics has raised €4 million in seed funding in a round co-led by Navigare Ventures and PSV Hafnium, with participation from Chalmers Ventures, Turbine Capital, Norrsken Evolve, and Almi Greentech Fund.
- Founded in 2021 by Marcello Girardi and Alexander Grabowski as a spin-out from Chalmers University of Technology, Solinide Photonics develops silicon nitride photonic integrated circuits and microcomb technology for optical interconnects.
- Solinide's technology addresses a key challenge in AI infrastructure: moving growing volumes of data between chips without a corresponding increase in power consumption.
- Its multi-wavelength laser sources can generate dozens of precise wavelengths of light from a single chip, allowing more data to travel through each optical fibre while reducing the power consumption, cost, and footprint of optical links.
Details of the deal
- The funding will support Solinide's technology readiness, commercialisation, market adoption, engineering and commercial team expansion, in-house prototyping, and manufacturing readiness in Europe. The company will also deepen collaboration with strategic industry partners as it moves toward commercial deployment.
“Solinide’s unique technologies and highly skilled team place the company in a strong position to excel in photonics technology development globally and achieve go-to-market success. Our focus is to support Solinide in bringing its groundbreaking technology to the global market which we will do together with our strong group of Nordic co-investors," explains Jakob Rybak-Andersen, Managing Partner at PSV Hafnium.
