Wave Photonics, a DeepTech startup based in Cambridge, has successfully raised £4.5 million in a recent funding round led by the UK Innovation & Science Seed Fund and Cambridge Enterprise Ventures. This injection of capital will be used to enhance the company’s on-chip photonics designs catered to quantum technology, sensors, and data centre applications. The funding round also garnered support from prominent investors including Redstone and QAI Ventures Quantum Fund, Kyra Ventures, and DeepTech Labs. Non-dilutive funding from EIC and Innovate UK grants bolstered the total funding to £5.4 million. Founded in 2021 by James Lee, Machew Anderson, and Mateusz Kubica, Wave Photonics has already developed and validated its computational photonics design technology. The newly acquired funds will facilitate the transition of the company’s technology from research to commercial application, with a particular focus on frontier applications such as quantum technologies and biosensing. According to Dr. Christine Martin from Cambridge Enterprise, the company is well-positioned to accelerate the adoption of next-generation integrated photonics products.

DeepTech, Semiconductors, Quantum Technologies,United Kingdom

Light-based chips firm to sizzle with £4.5m investment