KfW invests in Sicoya
Published: Friday November 4th, 2016 • In News • By sicoya
Sicoya increases Series A funding to €4.5 million
Silicon photonics based integrated microchips enable data centers to manage the explosive growth of Internet traffic
Bonn/Berlin, 30. October 2016: The KfW invests €1 million in a second closing of Series A investment in Sicoya GmbH (www.sicoya.com) based in Berlin. This increases the total Series A financing to €4.5 million.
Sicoya develops integrated silicon photonics based microchips for optical interconnects. What makes the company unique is that it has made three disruptive innovations in silicon photonics that will impact in a major way the three most critical parameters for data center transceivers: low cost, low power consumption & better high-speed performance. Sicoya’s technology allows for highly scalable production of optical and electronic integrated circuits together on one single chip.
Technological lead in silicon photonics – a novel disruptive technology for communication markets
Sicoya is a TU Berlin spin-off based on nine years of continuous R&D in silicon photonics. The team consists of 24 employees and has extensive knowledge in optical technologies, marketing and business management. Sicoya offers its customers low cost, power efficient, and scalable optical transceivers for server interconnects. In October 2015 the Startup closed a Series A financing round of 3.5 M€ with Target Partners. Sicoya will use the new infusion of capital to accelerate its growth through increasing the engineering headcount and investments in different product lines. Sicoya will enter the market in 2017 with 100 Gbit/s transceivers with integrated electronics and optics on a single chip.
About KfW’s ERP Start-up-Fund:
KfW finances and supports, among other things, business start-ups, small and medium-sized enterprises (SME) as well as investments in growth and employment in Germany. The ERP Start-up Fund, administered and co-financed by KfW, offers equity financing for innovative, technology-based enterprises with very good growth prospects. The Fund finances research and product development as well as the launching of new products, processes or services. KfW always cooperates with a lead investor and offers financing at market conditions. Created in 2004, the ERP Start-up Fund disposes of around EUR 720 million in total for investing in emerging technology-based enterprises.
Press Contact :
Telefon: +49 228 831 0