Xora Innovation and Capricorn Investment Group led a $34m Series A round in OpenLight.

Xora Innovation, an investment firm, and Capricorn Investment Group, an investment firm, led a $34m Series A round in OpenLight, a chip design and manufacturing based on heterogeneous integration, with participation from Mayfield, Juniper Networks, Lam Capital, New Legacy Ventures and K2 Access. “As we enter this next phase of our company’s growth, we are excited to be adding such strong investors with deep roots and expertise in the semiconductor and photonics industry. With this strong syndicate of investors, we can push the boundaries of innovation and deliver transformative solutions to our customers. This funding will allow us to scale our operations, deepen our R&D efforts and bring our groundbreaking products to market faster. We believe heterogeneous integrated silicon photonics will transform the way data is processed and transmitted, and we’re excited to be at the forefront of this revolution,” Dr. Adam Carter, OpenLight CEO.