# Xscape Photonics

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

- Industry: Electronics
- Headquarters: New York, US
- Website: www.xscapephotonics.com
- Total disclosed funding: $44M
- Latest round: Series A (Sep 4, 2024)
- Investors on record: 8

## About

Based in New York, US, and founded in 2022, Xscape Photonics Inc. operates as a developer of a photonics-based technology platform, intended to connect various computing elements or simulation hardware in a fast and powerful manner. The company was co-founded by Alexander Gaeta (CEO), Vivek Raghunathan (CTO), and Yoshi Okawachi (R&D Lead). In September 2024, Xscape Photonics Inc. raised USD 43.85 million in series A funding led by new investor IAG Capital Partners with investment from returning investor Altair Engineering, Inc. Other new investors Cisco Investments, Fathom Fund Management, Kyra Ventures, LifeX Ventures, NVIDIA Corporation, and OUP (Osage University Partners) also participated in the round. The company develops a patented photonics platform that facilitates ultrahigh-bandwidth communications inside data centers as well as High-Performance Computing (HPC) systems while reducing the power consumption and heat generation associated with the process. Xscape Photonics Inc’s technology solution enhances the amount of data transfer from chip to chip, or node to node when compared to the traditional electronic approach in computing. The company plans to use the September 2024 funding to expedite the development of its fully programmable, multi-color photonics technology.

## Funding rounds

- Series A, Sep 4, 2024, $44M — OUP (Osage University Partners), NVIDIA Corporation, Altair Engineering, Inc., Cisco Investments, LifeX Ventures, IAG Capital Partners, Kyra Ventures, Fathom Fund Management

## Investors

- OUP (Osage University Partners) (https://capitalatlas.ai/funds/oup-osage-university-partners) — Series A
- NVIDIA Corporation — Series A
- Altair Engineering, Inc. — Series A
- Cisco Investments (https://capitalatlas.ai/funds/cisco-investments) — Series A
- LifeX Ventures (https://capitalatlas.ai/funds/lifex-ventures) — Series A
- IAG Capital Partners (https://capitalatlas.ai/funds/iag-capital-partners) — Series A
- Kyra Ventures (https://capitalatlas.ai/funds/kyra-ventures) — Series A
- Fathom Fund Management (https://capitalatlas.ai/funds/fathom-fund-management) — Series A