The latest investment values the Auckland technology company at $90 million and the investment funds will help its plan to transform the global photonics test and measurement industry.
Auckland, New Zealand, July 22 2022 - Auckland-based Quantifi Photonics, an emerging leader in the global photonics test and measurement market, announced today that it has secured NZ $25 million in a fully-subscribed Series C capital raise.
Intel Capital, the venture capital arm of Intel Corporation, led the round which was supported by existing New Zealand investors Pacific Channel, Nuance Connected Capital, Simplicity, K1W1, NZ Growth Capital Partners and UniServices. Early investor Punakaiki Fund remains the largest shareholder.
Intel Capital will add a new non-executive director to the Quantifi Photonics board.
“Intel Capital’s investment will help us carry out our strategy and seize the market for the high-value test instruments required to support the rapidly growing transceiver market, which is projected to exceed US $14B by the year 2026,” said Dr. Andy Stevens, CEO and co-founder of Quantifi Photonics. “We are also grateful to our existing investors who participated in the round. With help from NZTE, Callaghan Innovation, and the hard work of our passionate staff, we’ve made incredible progress in the last few years.”
Following an over-subscribed Series B round in 2021, Quantifi Photonics increased annual sales orders by over 70% and established a dedicated research and development centre in Thailand following the acquisition of SmarTest Technologies. The company is now fast-tracking the development of new test instruments designed for the latest optical communications technologies designed to power 5G and 6G communication networks.
“Silicon photonics is a key technique in the future of the semiconductor and telecommunications industries, especially with the increasing bandwidth requirements for data center and 5G/6G applications,” said Sean Doyle, Managing Director at Intel Capital. “The Quantifi Photonics team has the potential to supply critical test and measurement solutions to the market at large.”
Quantifi Photonics is headquartered in Auckland, New Zealand with wholly-owned subsidiaries in the USA and Thailand. The company will be growing its New Zealand R&D and manufacturing teams, and investing in overseas sales and customer support teams to capitalise on the significant growth in optical communication networks around the world.
Contact
Dr. Andy Stevens, CEO Quantifi Photonics a.stevens@quantifiphotonics.com
+64 212 436 191
About Quantifi Photonics
Quantifi Photonics is on a mission to transform the world of photonics test and measurement. From their New Zealand headquarters, the company develops and manufactures benchtop and modular test instruments and customized test solutions. They are a critical supplier to multinational technology companies and world-leading research organizations and work with customers to solve complex challenges with experience and innovation. Discover more at www.quantifiphotonics.com.
