Foley & Lardner LLP represented OpenLight, a world leader in custom Photonic Application-Specific Integrated Circuit (PASIC) chip design and manufacturing based on heterogenous integration, in their oversubscribed $34 million Series A financing. The round was co-led by Xora Innovation and Capricorn Investment Group and included Mayfield, Juniper Networks (now part of HPE), Lam Capital, New Legacy Ventures, and K2 Access.
OpenLight’s world leading PASIC technology integrates all the components of silicon photonics devices, both active and passive components, into one chip. OpenLight’s executive and engineering teams deliver the world’s first open silicon photonics platform with integrated lasers, modulators, amplifiers, and detectors to improve the performance, power efficiency, and reliability of designs for datacom, AI, high performance computing, telecom, automotive and industrial sensing, IOT sensing, health care, and quantum computing applications.