# SAS NcodiN

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/sas-ncodin

- Industry: Semiconductors
- Headquarters: Palaiseau, France
- Website: www.ncodin.com
- Total disclosed funding: $15M
- Latest round: Seed (Dec 17, 2025)
- Investors on record: 7

## About

Based in France, SAS NcodiN specializes in advanced optical interconnect technology designed to enhance high-performance computing and artificial intelligence applications, improving data transfer rates and operational efficiency.SAS NcodiN, founded in 2023 in Palaiseau, France, focuses on developing optical interconnect technology. The company, co-founded by Bruno Garbin and Francesco Manegatti, has secured EUR 16 mn in funding led by new investor MIG Capital, with participation from Maverick Capital, PhotonVentures, Verve Ventures,  Elaia Partners, Ovni Capital, and Earlybird Venture Capital as part of its latest financing round on November 20, 2025. NcodiN specializes in advanced optical interconnect technology, which serves as the cornerstone of its product offerings aimed at enhancing high-performance computing (HPC) and artificial intelligence (AI) applications. The company's core product is an ultra-small laser integrated on silicon, designed to dramatically improve data transfer rates and efficiency compared to traditional copper interconnects. This technology allows for unprecedented bandwidth capabilities, supporting Petabit/s data traffic, and is utilized in various end-use cases across sectors such as autonomous driving, smart cities, telecommunications, and climate modeling. NcodiN's solutions are targeted toward chip manufacturers and data center operators, with a client base that includes top-tier investors and industry leaders in Europe and North America, reflecting a focus on global markets.NcodiN's revenue structure incorporates direct B2B transactions, primarily with semiconductor manufacturers and data center operators, who adopt its optical interconnect solutions for their high-performance computing needs. The company engages in partnership agreements, where clients may benefit from tailored integration of NcodiN's technology into their existing infrastructures. Transactions typically involve the sale of flagship products, which may include licensing agreements for proprietary optical interconnect technology. Specific pricing plans and contractual terms are structured to align with the client's operational scale and technology deployment timelines, ensuring that NcodiN's innovative solutions meet the high demands of performance and efficiency required in their respective industries. In November 2025, SAS NcodiN raised EUR 16 million in seed funding led by MIG Capital, with participation from Maverick Capital, PhotonVentures, Verve Ventures, Elaia Partners, Ovni Capital and Earlybird Venture Capital.

## Funding rounds

- Seed, Dec 17, 2025, $15M — Elaia Partners, Earlybird, Maverick Capital, MIG Capital, Verve Ventures, Ovni Capital, PhotonVentures

## Investors

- Elaia Partners (https://capitalatlas.ai/funds/elaia-partners) — Seed
- Earlybird (https://capitalatlas.ai/funds/earlybird) — Seed
- Maverick Capital (https://capitalatlas.ai/funds/maverick-capital) — Seed
- MIG Capital (https://capitalatlas.ai/funds/mig-capital) — Seed
- Verve Ventures (https://capitalatlas.ai/funds/verve-ventures) — Seed
- Ovni Capital (https://capitalatlas.ai/funds/ovni-capital) — Seed
- PhotonVentures (https://capitalatlas.ai/funds/photonventures) — Seed