Optoscribe, a global supplier of glass-based integrated photonics components, has closed a series B investment round of £1.8 million in line with its expansion and product supply plans.
Nick Psaila, chief executive at Optoscribe, said: “We have delivered significant growth and shareholder value over the past 18 months.
“The recent opening of our new manufacturing facility has further enhanced our ability to supply volume products and support our customers’ needs. This investment round will enable the company to continue our focused growth plans and expand both our product portfolio and supply base.”
Robert Higginson, partner at Par Equity, said “Par Equity is interested in companies with disruptive and innovative technology capable of addressing a global market - Optoscribe clearly fits this bill in all respects, and we look forward to supporting the team through this exciting scale-up phase of the company’s development.”
About Optoscribe Limited
Formed in 2010, Optoscribe’s innovative technology produces optical components at a wafer level, primarily aimed at high volume optical transceiver manufacturers supplying the rapidly growing data centre market. The company’s solution enables simple and precise coupling of optical fibres to arrays of laser emitters and/or photodetectors within optical transceivers. This allows the transceiver manufacturers to fully automate assembly using Optoscribe’s monolithic single optical interconnect component while dramatically reducing the costs associated with assembly and test.
The company is located in Livingston, UK and recently opened a state-of-the-art 7,400 square feet manufacturing facility.