Rockley Photonics nears $300mn funding for optical platform
Oxford, UK and Pasadena, California-based Rockley Photonics makes optical components used in many technology platforms.
Its integrated photonics platform and other sensors find use in everything from healthcare monitoring, to machine vision applications like autonomous driving, to data communications.
Data centre efficiency
Photonics refers to the use of light particles (photons), with the company’s integrated offering providing simpler and lower cost solutions for data connectivity in data centres, alongside increased bandwidth and lower energy consumption.
Reflecting on the former sector, Andrew Rickman, chief executive officer, Rockley Photonics, : “There is tremendous need for technologies that can enable effective digital health and wellness, driven by the associated benefit provided to population health.”
Since its foundation in 2013, the company has raised across six funding rounds, reflecting the importance of its little-known components. Its latest was led by existing investor Morningside Ventures, alongside new private funds.
“This funding provides the resources for Rockley to dramatically accelerate its product offerings, particularly our integrated optical sensors products,” said Rickman. “We are committed to our Tier-1 customers and our ability to help expand their product offerings and the innovative data-driven business models these products will enable.”
The company was last year named one of The Sunday Times’ 10 Tech companies to watch, and also earned a place on the Lazard T100 Venture Growth Index.
“We are very pleased to support Rockley at this juncture of the company’s development and contribute to the commercial success of their integrated optical chipsets and related products in multiple markets,” said Mick Sawka, Investment Manager at Morningside Group. “We believe that silicon photonics is at a tipping point, and the technical attributes of Rockley’s platform, coupled with the strong product roadmap and established high-volume production ecosystem, uniquely positions the company for growth in exciting verticals of interest including health care and communications. We have confidence in the deep expertise and proven track record of the Rockley team to deliver exceptional results.”
KX and Microsoft partner to scale up real-time analytics
, a data analysis software developer and vendor, it has become a Microsoft Partner. The two companies are working together to build a long-term technical and go-to-market roadmap to enable companies to rapidly scale up their real-time analytics and decision-making capabilities.
This announcement has followed the launch of KX Insights, which is a cloud-first platform for streaming analytics that fully leverages the benefits of cloud architecture natively to deliver fast, scalable real-time data insights via the .
“KX Insights takes full advantage of the Microsoft Azure platform to deliver the optimal performance while maintaining interoperability with existing processes and data,” Gerry Buggy, Chief Strategy Officer at KX.
“Together with Microsoft, we are offering a streaming analytics solution that is fast, secure, and flexible. It’s a game-changer for firms looking to drive operational and commercial performance through real-time analytics.”
KX Insights has been built to leverage vast amounts of real-time data in a scalable and easy-to-use manner. It has been benchmarked as the fastest in the industry to independent STAC benchmarks. The platform also operates on Amazon AWS and Google Cloud, plus on all public and private clouds and on-premises too where required.
Moving to the cloud
The recent found that 92% of respondents reported having a multi-cloud strategy. 82% are taking a hybrid approach, combining the use of both public and private clouds. More than half of respondents use the cloud heavily and have reached the advanced cloud maturity level. 21% of organisations are at the intermediate maturity level, and 19% are beginners.
The report showed that many of the advantages delivered by the cloud have proven to be especially valuable as organisations adapted over the past year to meet the rapidly evolving needs of businesses.