Advising Lingotto on its extended Series A funding into Optalysys to US$60 million

Lingotto has returned to us to advise on its additional US$32 million investment into Optalysys, a photonic computing company.

The US$32 million round was led by Northern Gritstone with participation from imec.xpand, Lingotto, and the UK government's National Security Strategic Investment Fund, bringing the total Series A funding to US$60 million. The investment will be used to accelerate the commercialisation of Optalysys’ proprietary photonic chips and support expansion into the US.

Founded in Leeds, Optalysys is a photonic computing company. Optalysys’ unique approach integrates data movement and processing on a single chip, combining silicon photonics with cutting-edge digital technologies to deliver immense computational power required for today’s workloads and next generation cloud infrastructure.

Our team consisted of Ross McNaughton (Partner) and Bella Thornton-Clark (Senior Associate) in the Corporate team.