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Semiconductors Series B Founded 2012

RANOVUS

RANOVUS designs and manufactures silicon photonics optical interconnect solutions for AI infrastructure, enabling GPU clusters to scale beyond a single rack where physical copper interconnect limitations are reached. The company's proprietary technology portfolio includes Quantum Dot and Quantum Well multi-wavelength Lasers (QD MWL) that generate multiple wavelengths simultaneously from a single device using…

📍 Ottawa, Canada · Photonics

Funding snapshot

Last roundSeries B
Amount$26M
Date27 March 2023
Total raised$71M
Team size122

About

RANOVUS designs and manufactures silicon photonics optical interconnect solutions for AI infrastructure, enabling GPU clusters to scale beyond a single rack where physical copper interconnect limitations are reached. The company's proprietary technology portfolio includes Quantum Dot and Quantum Well multi-wavelength Lasers (QD MWL) that generate multiple wavelengths simultaneously from a single device using self-assembled quantum dots, RAMZI Modulators based on optical modulation on micro-ring resonators, and monolithic integration for world-first performance in multi-terabit optical engines. RANOVUS provides solutions across three deployment models: Scale-Up (XPU and switch CPO with 12.8 Tb/s capacity, lowest power consumption, and highest shoreline density), Scale-Out, and Scale-Across, addressing the full spectrum of AI data center interconnect needs. The company's engagement model spans the full semiconductor ecosystem from silicon photonics design aligned with XPU and switch architectures, through collaboration with leading semiconductor foundries, advanced packaging and OSAT integration for NPO and CPO, to high-volume manufacturing and system integration with global partners. RANOVUS differentiates itself through Ethernet and DWDM compatibility (offering interoperability rather than narrow proprietary use cases), proven execution with multi-terabit optical engines validated by Tier-1 customers, demonstrated delivery reliability and commercial traction, and a flexible co-development business model for large-volume deployment with high gross margins and strong capital efficiency. Founded in 2012 and headquartered in Ottawa, Canada, RANOVUS has raised approximately $71.3 million in a Series B round backed by OMERS, BDC, Export Development Canada, T.Capital, Azure Capital Partners, Sustainable Development Technology Canada, Innovation Science and Economic Development Canada, the Canadian Space Agency, MaRS Discovery District, MaRS IAF, Permit Ventures, and Graphite Ventures.

Business model

Photonics > Photonic Integrated Circuits > Material Platforms > Silicon Photonics > Interconnects

Institutional investors

Sustainable Development Technology Canada Innovation Science and Economic Development Canada Azure Capital Partners OMERS Export Development Canada MaRS Discovery District T.Capital MaRS IAF Canadian Space Agency Permit Ventures Graphite Ventures

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