💡Morphotonics Raises €40M for Smart Glasses and Data Center Tech
Morphotonics eyes data centers with €40M raise
TL;DR
Morphotonics, a nanoimprint lithography specialist, has raised €40 million to scale up production and enter the optical components market for data centers. The funding round includes backing from 3M Ventures and others, with plans to hire and expand globally.
Morphotonics, a nanoimprint lithography specialist, has raised €40 million to scale up production and enter the optical components market for data centers. This move is significant for developers and tech companies looking to integrate advanced optical components into their products. Morphotonics' technology is already used in smart glasses, including Meta Ray-Ban Display and Magic Leap, and the company plans to produce over 6 million waveguides annually with its next machine. With 90% of revenue from hardware sales, the company expects to reach 50 deployments globally in the next two to three years.
Key Points
Morphotonics raised €40 million to scale up production and enter the optical components market for data centers.
The company's technology is used in waveguide technology for smart glasses, including Meta Ray-Ban Display and Magic Leap.
Morphotonics plans to produce over 6 million waveguides annually with its next machine.
The company's manufacturing is heavily concentrated in Asia, with teams in China, Taiwan, South Korea, and the U.S.
Morphotonics expects to reach 50 deployments globally in the next two to three years, increasing revenue from services.
Why It Matters
If you're working on smart glasses or data center optical components, Morphotonics' €40 million raise is a big deal. The company's technology is already in use for waveguides in smart glasses, and they're expanding into data center optics. With 90% of revenue from hardware sales, the company plans to reach 50 deployments globally in the next two to three years, driving growth in both markets.
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