Paris-based deeptech startup, specializing in photonic hardware for AI and high-performance computing, has raised €16 million in a seed funding round led by MIG Capital, with participation from Maverick Silicon, PhotonVentures, and Verve Ventures.
- Launched in 2023 by Francesco Manegatti, Bruno Garbin, and Fabrice Raineri, NcodiN develops photonic interconnect technology designed to overcome the performance and energy limits of traditional copper-based links in advanced computing systems.
- The company integrates nanoscale lasers directly onto silicon, creating optical interconnects capable of transmitting data at extremely high bandwidth while using significantly less power than electronic connections.
- NcodiN’s approach replaces short-reach electrical wiring inside and between chiplets with light-based communication, which reduces energy losses, increases reach, and enables higher data throughput.
- By embedding these nanolasers and photonic components onto standard semiconductor substrates, the technology allows processors to scale beyond current architectural limits and supports emerging applications in high-performance computing, AI systems, telecommunications, and other data-intensive fields.
Details of the deal
- The seed round was led by MIG Capital through its MIF Fonds 17 and 18, with participation from Maverick Silicon, PhotonVentures, and Verve Ventures, as well as continued support from existing investors Elaia, Earlybird Venture Capital, and OVNI Capital.
- NcodiN will use the fresh funding to grow its team, advance its nanolaser technology toward industrial production, strengthen its supply chain, and begin product qualification with strategic partners, while also expanding internationally with a new presence in Silicon Valley.
“This funding marks a pivotal milestone for NcodiN. We are delivering the missing piece for the industry’s most pressing challenge: enabling extremely high memory bandwidth to power the AI factories of tomorrow. Our technology unlocks wafer-scale superchips by providing the most energy-efficient interconnects for networking across tens of chiplets – an essential component in the architectures everyone is chasing," claims Francesco Manegatti, CEO and co-founder of NcodiN.
