The Heriot-Watt University spinout raises $1.7m to invest in the manufacturing of its 3D photonic components that are used by datacoms, telecoms and mobile phone networks.
Optoscribe, a UK-based photonic technology spinout from Heriot-Watt University, has raised £1.2m ($1.7m) in a funding round that featured Scottish Investment Bank, the investment arm of Scottish Enterprise.
Scottish Enterprise, a non-departmental public body of Scotland’s government, invested alongside Par Equity and Archangels, which led the round.
Founded in 2010, Optoscribe develops 3D photonic components that are used in communication systems in the data communications and telecoms and markets.
The components connect optical fibres with arrays of emitters or receivers in locations where space in limited but high bandwidth is still required.
Optoscribe will use the money to invest in manufacturing facilities.
Nicholas Psaila, chief executive of Optoscribe, said: “This investment round will enable a significant transformation of Optoscribe, allowing the company to substantially increase its capabilities through hiring further experienced staff and an expansion to its manufacturing facilities.
“The investment is a tremendous boost to the company, and we are excited to be embarking on a new phase of growth.”
