Seattle-based NLM Photonics says it has raised $1 million in new funding to advance commercialization of its hybrid electro-optic modulation technology, which is meant to open the way for semiconductors that can handle more data with less power.
The funding round was led by two Japanese companies: Tokyo Ohka Kogyo Co., also known as TOK, and Hamamatsu Photonics K.K.
TOK is a world leader in manufacturing materials for advanced electronics, and in supplying critical goods for the semiconductor industry. Hamamatsu is a major player in the market for photonics components — and was involved in a previous investment round for NLM. The TOK investment deal also includes collaboration on developing shelf-stable inks incorporating NLM’s proprietary materials.
