Wednesday, September 14, 2011

Skorpios Raises $19 Million for Silicon Photonics

Skorpios Technologies, a start-up based in Albuquerque, New Mexico, raised $19 million in Series B round of financing for its composite silicon photonic technology.

Skorpios Technologies has developed an advanced Composite Semiconductor on Insulator Technology promising lower cost, reduced size, and decreased power dissipation compared to traditional technology approaches. The technology allows the generation, detection and modulation of light to be monolithically integrated with high-speed electronic circuits in a standard CMOS-compatible process known as Composite-Semiconductor on Insulator (C-SOI)

Ericsson, Nokia Siemens Networks and other leaders in the communications ecosystem participated in the funding. Also participating were founding investors Cottonwood Technology Fund and Sun Mountain Capital.

The company said the funds will be used to complete the commercialization of its technology.

"We are obviously very pleased to have closed such a substantial funding round and thrilled to have the support of industry leaders from throughout the communication networking ecosystem," said Stephen Krasulick, President and CEO of Skorpios Technologies.

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