Wave Photonics raised £4.5m in a seed funding led by The UK Innovation & Science Seed Fund and Cambridge Enterprise Ventures to boost light-based chip production.

Wave Photonics, located in Cambridge, secured £4.5 million in funding from The UK Innovation & Science Seed Fund and Cambridge Enterprise Ventures, with participation from Redstone QAI Quantum Fund, Kyra Ventures, Parkwalk's University of Cambridge Enterprise Fund IX (UCEF IX), and Deep Tech Labs. The investment takes the company’s total funding to date to £5.4 million. The new investment will help the company take its technology from a research to manufacturing at a commercial foundry, with a particular focus on solutions for frontier applications such as quantum technologies and biosensing.