Comptek Secures $8.7M Series A Funding

Date16th, Aug 2023

Summary:

University of Turku (Finland) spinout Comptek Solutions has secured an €8 million ($8.7 million) series A funding round that will allow the company to expand its team and technology portfolio. The company is focused on passivation for compound semiconductor devices with applications in optoelectronics and power electronics. Specifically, the technology could prove useful in the adoption of technologies such as 5G/6G communications, AR and VR, Internet of Things, and quantum computing. The funding round saw participation from the Horizon Europe EIC Fund and LIFTT SpA, a deep-tech-focused venture capital firm. Comptek Solutions received a €2.45 million grant in 2022 from the EIC Accelerator.

Full text:

Lambda Research Optics, Inc. - Mission

TURKU, Finland, Aug. 16, 2023 — University of Turku (Finland) spinout Comptek Solutions has secured an €8 million ($8.7 million) series A funding round that will allow the company to expand its team and technology portfolio. The company is focused on passivation for compound semiconductor devices with applications in optoelectronics and power electronics. Specifically, the technology could prove useful in the adoption of technologies such as 5G/6G communications, AR and VR, Internet of Things, and quantum computing. The funding round saw participation from the Horizon Europe EIC Fund and LIFTT SpA, a deep-tech-focused venture capital firm. Comptek Solutions received a €2.45 million grant in 2022 from the EIC Accelerator.

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Photonics.comAug 2023

GLOSSARY

optoelectronicsA sub-field of photonics that pertains to an electronic device that responds to optical power, emits or modifies optical radiation, or utilizes optical radiation for its internal operation. Any device that functions as an electrical-to-optical or optical-to-electrical transducer. Electro-optic often is used erroneously as a synonym.

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BusinessfundingSeries AComptek SolutionsstartupsemiconductorpassivationmanufacturingfabricationEuropeFinlandUniversity of TurkuEIC Acceleratoroptoelectronics6G5GARVRIOTquantum computing

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