Saturday, February 4, 2023

UK-based Rockley Photonics raised 65M at a 290M Valuation

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Rockley Photonics, which offers integrated silicon photonic solutions to customers, has raised $65 million in new funds from private investors and its previous backer Morningside Ventures. The company was founded in 2013 and has raised $290 million to date; investors include Credit Suisse-backed SIG-I Capital and Applied Ventures, the VC arm of Applied Materials.

“Digital health and wellness technologies are needed to help people lead healthier lives,” said Rickman. “This funding will allow us to accelerate our product offerings, particularly our integrated optical sensors products.” Rickman previously started a company called Bookham Technology, which made silicon photonics tech for optical computing applications.

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