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Quintessent raises $11.5M in seed funding led by Osage University Partners (OUP) and new investors M Ventures to develop highly scalable and highly reliable optical interconnects.

Mar 14, 2024almost 2 years ago

Amount Raised

$11.5 Million

Round Type

seed

GoletaOther

Investors

Entrada VenturesFoothill VenturesSierra VenturesM VenturesOsage University Partners (Oup)

Description

Quintessent, a pioneer in heterogeneous silicon photonics and quantum dot laser technology, has closed on just over $11.5 million in an oversubscribed Seed funding round led by Osage University Partners (OUP) along with new investors including M Ventures, and joining existing investors Sierra Ventures, Foothill Ventures, and Entrada Ventures.

Company Information

Company

Quintessent

Location

120 Cremona Drive, Suite 155

Goleta, California, United States

About

Quintessent is solving the foundational bottlenecks limiting the scalability and reliability of optical connectivity required by next-generation AI and computing infrastructure. Leveraging multiple innovations that span high-performance quantum dot materials, photonic integrated circuit design, and system-optimized link architecture, Quintessent’s technology slashes power consumption and packaging complexity while achieving multiplicative increases in both bandwidth density and reliability – unlocking the massive scaling needed for future AI applications.

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Funding Insights

Based on industry data
VC-backed spending patterns
VC-backed companies spend 89% more on sales and 100% more on marketing than bootstrapped peers
Tech investment trends
83% of B2B companies plan digital investments, with 79% prioritizing customer experience tech