Decent Capital, ITIC Ventures, and several prominent angel investors also participated in the funding round, the company said in a release.
SiLC will use the funding to scale its R&D and operations to develop its frequency modulated continuous wave (FMCW) silicon photonic 4D+ Vision Chip platform, the statement added.
"Integrating all essential functions necessary to build an FMCW chip on a cost-effective silicon platform represents the holy grail of LiDAR," said Daniel Docter, Managing Director, Dell Technologies Capital. "SiLC's team has over twenty years of experience and a proven track record commercializing silicon photonics solutions. After looking at more than 30 different LiDAR companies, we found SiLC to be the only company that has a viable approach for large-scale adoption of LiDAR in automotive and industrial robotics."
SiLC was founded in 2018 by silicon photonics Industry veterans. Founder and CEO Mehdi Asghari was part of the executive team that led Bookham to its IPO in 2000 and later joined the leadership team at Kotura, which was acquired by Mellanox in 2013. SiLC has developed a significant body of intellectual property, as well as a proprietary process for manufacturing high-performance optical components at large scale.
"This is my third startup and by far the most exciting, both at a technology level and the size of the markets it addresses. We believe we have an opportunity to transform several industries," said Mehdi Asghari, Founder and CEO, SiLC. "Our 4D+ Vision Chip technology will not only make LiDAR a commercial reality but will also enable applications ranging from robotics to AR/VR to biometric scanning."
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