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Rockley Photonics closes $50 million growth round

ID: 1561296
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(businesspress24) - Oxford, UK and Pasadena, California, 06 October 2020 – Rockley Photonics, a leading integrated optics solutions provider, today announced that it has closed an additional $50m of growth funding from leading deep-tech VCs, strategic investors, and institutional funds including Credit Suisse backed SIG-i Capital and Applied Ventures, LLC, the venture capital arm of Applied Materials, Inc., as well as existing shareholders. To date, Rockley has raised over $225m of financing to develop its unique silicon photonics platform.

“It is testament to the strength of our technology and emerging market opportunities that we have attracted such a preeminent list of new investors to join many of our existing shareholders in this funding round,” said Andrew Rickman, chief executive officer, Rockley Photonics. “This round provides the funding for Rockley as it moves into the next exciting growth phase and develops next generation disruptive silicon photonics powered healthcare and wellness sensors and communications products for its Tier-1 customers.”

The Sunday Times recently recognized Rockley Photonics as one of the ‘top 10 British tech companies to watch’.



More information:
http://https://www.realwire.com/releases/Rockley-Photonics-closes-50-million-growth-round



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published by: RealWire
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Date: 10/06/2020 - 17:03
Language: English
News-ID 1561296
Character count: 1210
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