NcodiN, a French deeptech startup, has secured a €16 million seed investment led by MIG Capital AG through its MIG Fonds 17 and 18. The round also includes participation from Maverick Silicon, PhotonVentures, and Verve Ventures, along with continued support from existing investors Elaia, Earlybird, and OVNI.
Founded in 2023 by Fabrice Raineri (CSO), Bruno Garbin (CTO), and Francesco Manegatti (CEO), NcodiN is developing NConnect, a new generation of photonic interposers with integrated nanolasers to address the speed and energy limitations of conventional semiconductor hardware. NConnect’s key differentiator is its use of ultra-small lasers, which enable high-density integration on silicon and scalability without major changes to existing processor architectures.
NcodiN has demonstrated proof-of-concept nanolasers with energy efficiency below 0.1 pJ/bit, integrated nanodetectors, and complete optical links on silicon. The company has also built an independent cleanroom that supports rapid prototyping and collaborative development with industry partners.
Dr Francesco Manegatti, CEO and Co-founder of NcodiN, explains that the company is providing a crucial missing element for one of the industry’s biggest challenges: achieving extremely high memory bandwidth to power the next generation of AI data centres.
Our technology unlocks wafer-scale superchips by providing highly energy-efficient interconnects for networking across tens of chiplets – an essential component in the architectures everyone is pursuing.
With the new funding, NcodiN will expand its team and accelerate the industrialisation of its laser-on-silicon technology. The company will also strengthen its supply chain and begin product qualification with key strategic partners, laying the groundwork for large-scale manufacturing.
In parallel, NcodiN plans to expand its R&D capabilities and establish a presence in Silicon Valley.
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