Foley Represents OpenLight in $34M Series A Financing

Foley & Lardner LLP represented OpenLight, a world leader in custom Photonic Application-Specific Integrated Circuit (PASIC) chip design and manufacturing based on heterogenous integration, in their oversubscribed $34 million Series A financing. The round was co-led by Xora Innovation and Capricorn Investment Group and included Mayfield, Juniper Networks (now part of HPE), Lam Capital, New Legacy Ventures, and K2 Access.  

OpenLight’s world leading PASIC technology integrates all the components of silicon photonics devices, both active and passive components, into one chip. OpenLight’s executive and engineering teams deliver the world’s first open silicon photonics platform with integrated lasers, modulators, amplifiers, and detectors to improve the performance, power efficiency, and reliability of designs for datacom, AI, high performance computing, telecom, automotive and industrial sensing, IOT sensing, health care, and quantum computing applications.

The funding will allow OpenLight to expand its PDK library of active and passive photonics components, including its leading edge 400Gb/s modulator and indium phosphide heterogeneously integrated on-chip laser technology. OpenLight will also ramp up its standard based reference PIC’s at 1.6Tb/s and 3.2Tb/s, to provide customers with the most flexible and leading-edge component design library available in the market. In addition, the company will scale its team to support customers as they transition to volume production over the next 12 months.

The Foley team was led by partners Louis Lehot and Brandee Diamond, and included partners Casey Knapp and Rishi Sodhi, of counsel Alan Pate, and associates Saige Gallop, Sarina Rogers, and Sarah Waste.