Sectors
Foley & Lardner LLP represented OpenLight Photonics, the world leader in custom Photonic Application-Specific Integrated Circuit (PASIC) design, in their $50 million Series A-1 fundraising round. The oversubscribed round was led by Matter Venture Partners, with participation from new investors Acclimate Ventures and Catapult Ventures alongside existing investors Xora Innovation, Capricorn Investment Group, Mayfield, and New Legacy.
OpenLight’s world-leading PASiC technology, supported by its process design kit (PDK), integrates all active and passive components of silicon photonics devices into a single chip, enabling high-performance, energy-efficient photonics solutions across datacom, telecom, automotive, AI, and quantum computing applications and markets.
The new funding will further accelerate the expansion of OpenLight’s PDK library of active and passive photonics components, including its leading-edge 400G modulator and indium phosphide heterogeneously integrated on-chip laser technology.
The Foley team was led by partners Louis Lehot and Brandee Diamond and included of counsel Alan Pate, as well as associates Saige Gallop, Sarina Rogers, Isabella Tappin, and Sarah Waste.
