AEPONYX Continues to Turn Heads in the Semiconductor Chips Space
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AEPONYX is a company that was founded in Montreal in 2011 with the goal of being the market leader in micro optical switches. This means that they are creating the fastest, most affordable and smallest micro optical switches that are to be used for fiber optic access to the cloud.
On March 14, AEPONYX closed a $7.9M Series A round of financing from a group of investors led by Pangaea Ventures, a firm with offices in Vancouver and New Jersey. This latest round brings their total funding received to approximately $18M, which includes $1.9M from the government of Canada as part of Sustainable Development Technology Canada (SDTC), a foundation created to support innovative and entrepreneurial clean technology projects.
With the recent growth in internet connectivity (cloud applications, video content, internet of things, etc.), there continues to be a greater need for more optimal technology and AEPONYX has continued to develop patent technology to improve the functionality and efficiency of these devices.
The new funding will allow the company to increase commercial production of its micro optical switch chips which are created using their proprietary platform which combines silicon photonics with Micro-Electro-Mechanical-Systems (MEMS).
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