# Wave Photonics

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/wave-photonics

- Industry: Semiconductors
- Headquarters: Cambridge, UK
- Website: www.wavephotonics.com
- Total disclosed funding: $5.7M
- Latest round: Seed (Jun 20, 2024)
- Investors on record: 6

## About

Wave Photonics Ltd., based in the UK, focuses on the rapid development of photonic integrated circuits, offering innovative products and services tailored for various applications in telecommunications and data centers.Founded in 2021 and headquartered in Cambridge, UK, Wave Photonics Ltd. specializes in photonic integrated circuit solutions. The company was established by James Lee, who previously founded other technology ventures. In June 2024, it raised GBP 4.5 million in SEED funding, primarily from UK Innovation & Science Seed Fund and Cambridge Enterprise, marking a strategic investment aimed at bolstering its development efforts.Wave Photonics specializes in enabling rapid photonic integrated circuit development, offering a suite of products and services designed for a wide range of wavelengths and platforms. Their core offerings include Photonic Design Kits (PDKs), packaging solutions, and design and measurement services, which are essential for streamlining the development process in the photonics industry. The company serves clients in telecommunications, data centers, and advanced manufacturing, and has established a global client base across Europe, North America, and Asia-Pacific regions.Wave Photonics generates revenue through direct sales of its products, including PDKs and packaging solutions, alongside B2B partnerships with technology firms and research institutions. The company’s revenue model includes potential subscription services for ongoing support, ensuring consistent engagement with clients and reinforcing its revenue streams through both direct sales and collaborative projects. In the most recent year, 2024, the company reported an EBITDA of 0.With the recent SEED funding of GBP 4.5 million raised in June 2024, Wave Photonics plans to enhance its on-chip photonics designs. The company aims to launch new products in the coming year and expand into new markets, particularly focusing on regions with growing demand for photonic technologies. The funding will support these development initiatives, allowing Wave Photonics to strengthen its market position and meet the evolving needs of its clients.

## Funding rounds

- Seed, Jun 20, 2024, $5.7M — Cambridge Enterprise, Redstone, UK Innovation & Science Seed Fund, Deeptech Labs, QAI Ventures, Kyra Ventures

## Investors

- Cambridge Enterprise — Seed
- Redstone (https://capitalatlas.ai/funds/redstone) — Seed
- UK Innovation & Science Seed Fund (https://capitalatlas.ai/funds/uk-innovation-science-seed-fund) — Seed
- Deeptech Labs (https://capitalatlas.ai/funds/deeptech-labs) — Seed
- QAI Ventures (https://capitalatlas.ai/funds/qai-ventures) — Seed
- Kyra Ventures (https://capitalatlas.ai/funds/kyra-ventures) — Seed