ROADMap has announced that it has successfully closed a funding round of $1.7 million by securing investment from a number of institutional and private investors. The round was led by Cambridge Enterprise, the commercialisation arm of the University of Cambridge, which also led the earlier funding rounds. The investment will help fund the expansion of the business as it takes its revolutionary wavelength selective switch (WSS) technology to market.
ROADMap Systems secures $1.7m in Series A investment
The company, spun out from the University of Cambridge, is developing the next generation of WSS that is universal, flexible, and software upgradable. These switches are used to create Reconfigurable Optical Add/Drop Multiplexers (ROADMs) which are now a fast expanding part of optical telecom networks, enabling the flexible use of different wavelengths of light that carry traffic through the network.
"We are developing a highly innovative WSS solution that is protected by a suite of patents and which we believe will provide profound benefits, in both current markets for optical networks as well as opening up potential new and exciting markets in data-centres and optical computing."Karl Heeks
As network demand burgeons, driven by unrelenting consumer demand for streaming, internet and cloud applications, carriers are looking to increase the efficiency with which they use their optical resources, which has led to the creation of flexible, software-controlled networks. Such systems rely on ROADMs to allow traffic to be routed without the need to convert from optical to electrical signals. The ROADM market is forecast to reach $11 billion by 2020 and WSSs are the critical enabling technology within these. Liquid Crystal on Silicon (LCoS) technology, which was pioneered at Cambridge, has emerged as the only suitable candidate to meet the demands of current and future needs, and ROADMap Systems is developing these into the next-generation WSS, which are densely integrated to achieve high performance and low cost.
ROADMap CEO Karl Heeks commented ‘We are grateful to our seed investors, who have all re-invested in this Series A round, together with new investors for their support in the company. We are developing a highly innovative WSS solution that is protected by a suite of patents and which we believe will provide profound benefits, in both current markets for optical networks as well as opening up potential new and exciting markets in data-centres and optical computing.’
ROADMap Chairman Ian Vance said ‘The market is about to expand rapidly and this investment positions us to participate in this evolution. Our solutions will create the breakthrough in cost/performance that has been missing from this layer of telecoms and datacoms networks.’
Head of Seed Funds Anne Dobrée commented ‘We are looking forward to continuing to partner the team at ROADMap as they enter the next stage of development and start to bring their ground-breaking WSS technology to the marketplace.’
Cambridge Enterprise exists to help University of Cambridge inventors, innovators and entrepreneurs make their ideas and concepts more commercially successful for the benefit of society, the UK economy, the inventors and the University.