DustPhotonics, an Israeli startup developing silicon photonics technology and solutions, raised a total of $33 million in new funding led by Greenfield Partners, who join DustPhotonics’ Round B investors Intel Capital, veteran entrepreneur Avigdor Willenz, and others.
In addition, DustPhonics announced that it has completed an organizational realignment. The company says that it will now focus its resources on silicon photonics solutions and phase out its Transceivers product line. As part of this move, Ronnen Lovinger, president of DustPhotonics, has assumed the role of CEO. Ben Rubovitch, the company’s previous CEO, has stepped down and will lead the Business side of the company.
Silicon photonics is the study and application of photonic systems which use silicon as an optical medium. Photonics is the physical science and application of light (photon) generation, detection, and manipulation through emission, transmission, modulation, signal processing, switching, amplification, and sensing.
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Photonics also includes research on photonic systems. This term is often used for optical communication systems. This area of research focuses on the implementation of photonic systems like high speed photonic networks.
Founded in 2017 with offices in Modi’in, Israel and Cupertino, California, DustPhotonics develops silicon photonics solutions for Cloud, data center, enterprise and HPC applications. Its products and technology, such as Laser integration into Silicon, are targeted at enabling the next generation of optical modules and connectivity.
“This latest investment and the organizational changes will enable us to take advantage of new business opportunities and to continue focusing on serving our customers’ strategic requirements. Our disruptive silicon photonics technology addresses their key and most challenging problems, creating scalable, cost-effective silicon photonics and driving it as the mainstream solution for the Cloud and Telecom markets,” said Ronnen Lovinger, CEO of DustPhotonics. “We are thrilled at the continued confidence of our investors in our strategic direction.”