Rockley Photonics raises further $65m for growth acceleration

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Rockley Photonics has closed $65m of growth capital, both from new private funds and follow-on existing investor Morningside Ventures. 

This brings the total raised to date to more than $290m of financing to develop its silicon photonics platform from recent investors such as Credit Suisse backed SIG-I Capital and Applied Ventures, LLC, the venture capital arm of Applied Materials, Inc.

Andrew Rickman, chief executive officer at Rockley Photonics said: ‘This funding provides the resources for Rockley to dramatically accelerate its product offerings, particularly our integrated optical sensors products. We are committed to our Tier-1 customers and our ability to help expand their product offerings and the innovative data-driven business models these products will enable.’

Mick Sawka, investment manager at Morningside Group added: ‘We are very pleased to support Rockley at this juncture of the company’s development and contribute to the commercial success of their integrated optical chipsets and related products in multiple markets. We believe that silicon photonics is at a tipping point, and the technical attributes of Rockley’s platform, coupled with the strong product roadmap and established high-volume production ecosystem, uniquely positions the company for growth in exciting verticals of interest including health care and communications.’

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