Heriot-Watt spin-out Optoscribe, a world leader and global supplier of glass-based integrated photonics components, has closed a series B investment round of £1.8 million.
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.
This investment round will enable the company to continue our focussed growth plans and expand both our product portfolio and supply base.
The funding was led by Scottish business angel investment syndicate, Archangels, and also supported by its other existing investors, Par Equity, Scottish Investment Bank and the Optoscribe management team. David Ovens and Nicholas Psaila.
Nick Psaila, Chief Executive Officer 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 focussed growth plans and expand both our product portfolio and supply base.”