Optoscribe receives £1.2 million investment for expansion
Production of the company's 3D femtosecond-laser-written photonics devices will grow.
Optoscribe (Livingston, Scotland), which among other things uses the femtosecond laser direct-write (FLDW) technique to write its waveguide-based multimode fan-out products for fiber optics, has received £1.2 million in investment money.
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The fundraising was led by Archangels (Edinburgh, Scotland), who provided £825,000 of funding, supported by Par Equity, an Edinburgh venture-capital fund, with £325,000 of investment, and Scottish Investment Bank (SIB), which invested £50,000, totaling £1.2 million (or about U.S. $1.74 million at the April 25, 2016 exchange rate).
Optoscribe was founded in 2010 as a spin-out business from Heriot-Watt University (Edinburgh), and developed the above-meantioned 3D photonic components for use inside communications systems in the datacom, telecom, and mobile-phone markets. The technology enables Optoscribe to produce high-performance products that connect optical fibers with arrays of emitters or receivers where space is limited and high-bandwidth connectivity is essential.
Optoscribe has development contracts with a range of well-known technology companies around the world and supplies its products to these companies for R&D purposes. The new funds will be used by Optoscribe to invest in manufacturing facilities to allow it to scale the business and capitalize on the opportunities for its technology, with a particular focus on its FCX product line that is targeted at the data-communications market.