2 years ago

Optalysys Raises £21M to Accelerate Secure Data Processing with Photonic Technology

  • Optalysys, a Leeds, UK-based developer of photonic processing technology, has raised £21 million in Series A funding

  • The round was led by Lingotto, imec.xpand, and Northern Gritstone

  • The company plans to use the funds to launch its technology on a cloud-based service model, expand its team, and accelerate the development of its FHE technology, which allows encrypted data to be processed at similar speeds to its unencrypted form.

      • ProblemTechnology

      "making encrypted data processing as fast as unencrypted data processing"

      Solution

      "developing photonic semiconductor technology to accelerate Fully Homomorphic Encryption (FHE) processing"

      Covered on