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iPronics raises $125M Series B led by Maverick Silicon and Light Street Capital for optical circuit switches. The Spanish photonics startup brings total funding to $177M.
PRIVATESep 02, 2026•4 days ago
Amount Raised
$125 Million
Round Type
Series B
Valencia
Investors
Criteria Venture TechBuild CollectiveAmadeus Capital PartnersFine Structure VenturesThe Tate Family TrustEuropean Innovation Council FundCatalight CapitalBosch VenturesTriatomic CapitalLight Street CapitalMaverick SiliconNvidia
Description
iPronics, a Valencia-based photonics startup, announced a $125 million Series B round co-led by Maverick Silicon and Light Street Capital, with participation from Nvidia and other investors including Triatomic Capital, Bosch Ventures, and Catalight Capital. The company develops iPronics ONE, an optical circuit switch that reroutes data in data centers using optical signals rather than electrical ones, improving resilience in AI supercomputer clusters. This funding brings total capital raised to $177 million. The round reflects growing investor interest in photonics infrastructure for AI, as companies seek solutions to data center connectivity challenges.
Company Information
Company
iPronics
Location
Valencia, Valencian Community, Spain
About
iPRONICS Programmable Photonics is making the computational power of photonics commercially affordable.
Founded in 2019 as a spinoff of Universitat Politècnica de València, it was the result of multiple years of research. The team has pioneered the field of programmable photonics and developed the first general-purpose photonic processor capable of programming high-speed light signals on-chip with unprecedented flexibility.
iPRONICS processors share a common hardware platform that is reconfigurable by software. This cost-effective solution enables the same hardware to be applied to limitless commercial applications with a voracious appetite for computational power, including 5G communication, data centers, artificial intelligence, autonomous driving, quantum computing and IoT.
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Valencia