COMPANY INFO
Xscape Photonics Inc is a privately held computer hardware manufacturing company founded in 2022. The founders are Vivek Raghunathan (Co-Founder and CEO), Alexander Gaeta (Co-Founder and President), Yoshi Okawachi (Co-Founder and VP of R&D), Michal Lipson, and Keren Bergman. The company has approximately 32 employees and is headquartered in New Jersey, USA. Xscape Photonics develops custom silicon photonics solutions designed to solve bandwidth bottlenecks in AI clusters and empower future AI hardware using photonics. Their technology focuses on photonic chips for high-speed connections in high-performance computing systems and data centers, aiming to revolutionize computing with light.
Xscape Photonics Inc is a privately held fiberoptic equipment and computer hardware manufacturing company founded in 2022. Based in Fort Lee, New Jersey, with additional offices in New York, San Jose, and Albuquerque, Xscape Photonics specializes in the development of custom silicon photonics solutions. Their innovative technology targets the persistent bandwidth bottlenecks in AI clusters and modern data centers, offering photonic chips for ultra-fast, energy-efficient connectivity. The company’s approach aims to empower future AI hardware by revolutionizing computing through light, paving the way for next-generation high-performance computing systems.
Xscape Photonics funding history is a testament to its strong venture capital backing and focus on deep technology innovation. To date, the company has raised approximately $57 million across four funding rounds. Notable funding milestones include a significant $44 million Series A round in October 2024, which set a new pace for Xscape Photonics investment in AI-focused photonics. Their funding strategy has involved a mix of venture capital, strategic partnerships with industry giants, and targeted seed rounds to support product development and rapid scaling of their ChromX multi-color photonics platform. This deliberate approach has attracted notable investors and positioned Xscape Photonics as a leading innovator in the intersection of AI and silicon photonics.
This round was aimed at accelerating the development of Xscape Photonics’s ChromX platform—a fully programmable, multi-color photonics solution for AI data center fabrics. The funds are earmarked for addressing energy, performance, and scalability challenges in modern AI data centers, fueling further commercialization and large-scale deployment.
A follow-on seed round to advance the development and scaling of Xscape Photonics’s technology. This funding helped expand research and bring early product iterations closer to market readiness.
Initial seed funding supported early-stage product development and core company growth. The investment provided Xscape Photonics with essential resources for technical team expansion and prototyping.
Operational financing through a debt facility aimed at supporting short-term cash flow and foundational business operations in the formative months of the company’s lifecycle.
A leading venture capital firm, IAG Capital Partners led the Series A funding round for Xscape Photonics. Their investment underscores support for breakthrough innovations in photonics and next-generation infrastructure, playing a vital role in accelerating the company’s commercialization strategy.
Altair served as the lead investor in the initial $10 million seed round. Their early investment gave Xscape Photonics the capital foundation required for product development and establishing core R&D capabilities.
The venture capital arm of Cisco, Cisco Investments participated in the Series A round. Their involvement brings strategic expertise in networking and data center technologies critical to Xscape Photonics’s target markets.
Fathom Fund contributed to the Series A round, strengthening Xscape Photonics’s access to resources and networks in deep tech and infrastructure innovation.
As a Series A investor, Kyra Ventures supports high-potential companies in frontier technologies, further enabling Xscape Photonics funding for scaling operations.
LifeX Ventures is known for backing transformative technology ventures. In the Series A round, they provided financial and strategic support to Xscape Photonics’s mission.
NVIDIA, a global technology leader in AI and GPU computing, participated in the Series A round. Their involvement aligns with the strategic integration of cutting-edge photonics for AI workloads, highlighting Xscape Photonics investors among industry titans.
OUP invested in the Series A round, bringing experience in commercializing advanced academic research, which complements Xscape Photonics’s innovation trajectory.
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