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Intense Photonics Has Closed A GBP10.5mn Series B Funding Round.

Intense Photonics has closed a GBP10.5mn series B funding round. Cazenove Private Equity led the round with a syndicate containing first round investors, 3i and ACT Venture Capital, together with two further European venture capital funds, FNI Venture Capital and TTP Ventures. Intense Photonics will use the funds to accelerate the development of its product range and strengthen its marketing effort.
Intense Photonics has a fully operational semiconductor fabrication facility
and produces multi-function optical chips and holds intellectual property
rights to QWI (quantum well intermixing) component processing techniques
initially developed for more than a decade at the University of Glasgow.

Peregrine Semiconductor has raised $14mn in the first tranche of a Series A1
funding round.
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