# Sicoya

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/sicoya

- Industry: Electronics
- Headquarters: Berlin, Germany
- Website: www.sicoya.com
- Total disclosed funding: $4.8M
- Latest round: Series A (Dec 22, 2016)
- Investors on record: 2

## About

Sicoya GmbH develops advanced optical transceivers utilizing Silicon Photonics technology, enabling high-speed data communication aimed at optimizing performance in data centers and meeting the demands of growing internet traffic.Founded in 2015 in Berlin, Germany, Sicoya GmbH specializes in optical transceivers that integrate electronic and photonic components on a single chip. The company raised EUR 1.000 mn in its Series A round led by Target Partners, with total funding amounting to EUR 1.000 mn and a current valuation of EUR 5.335 mn. The founders include Hanjo Rhee, Marco Vitali, and Stefan Meister, while Roman Steiger serves as CEO. Sicoya has completed three deals, with the most recent deal occurring on August 1, 2021, when Suzhou Dawning Semi Technology Co., Ltd. fully acquired Sicoya GmbH from its investors.Sicoya GmbH specializes in advanced optical transceivers that leverage Silicon Photonics technology, facilitating efficient data communication in large-scale data centers. Their products are customizable to meet various optical standards and channel configurations, and serve a broad client base, including optical transceiver vendors and system vendors across Europe and Asia. Sicoya's offerings support applications such as interconnects, sensors, and computing, targeting data-intensive industries.In the most recent financial year 2022, Sicoya GmbH generated EUR 3,272,096.20 in revenue, while reporting an EBITDA of EUR -17,110,118.50.Sicoya GmbH plans to enhance its product line with new optical transceivers and related technologies to cater to evolving market needs. The company is focusing on expanding its presence in the Asian markets, particularly targeting technology providers and data center operators. The recent funding of EUR 1.000 mn is anticipated to support these expansion strategies and product development initiatives.

## Funding rounds

- Series A, Dec 22, 2016, $1.1M — Target Partners, KfW
- Series A, Nov 9, 2015, $3.8M — Target Partners

## Investors

- Target Partners (https://capitalatlas.ai/funds/target-partners) — Series A
- KfW — Series A