NcodiN, a French deeptech startup,
has secured a €16 million seed investment led by MIG Capital AG through its MIG
Fonds 17 and 18. The round also includes participation from Maverick Silicon,
PhotonVentures, and Verve Ventures, along with continued support from existing
investors Elaia, Earlybird, and OVNI.
Founded in 2023 by Fabrice Raineri
(CSO), Bruno Garbin (CTO), and Francesco Manegatti (CEO), NcodiN is developing
NConnect, a new generation of photonic interposers with integrated nanolasers
to address the speed and energy limitations of conventional semiconductor
hardware. NConnect’s key differentiator is its use of ultra-small lasers, which
enable high-density integration on silicon and scalability without major
changes to existing processor architectures.
NcodiN has demonstrated
proof-of-concept nanolasers with energy efficiency below 0.1 pJ/bit, integrated
nanodetectors, and complete optical links on silicon. The company has also
built an independent cleanroom that supports rapid prototyping and collaborative
development with industry partners.
Dr Francesco Manegatti, CEO and
Co-founder of NcodiN, explains that the company is providing a crucial missing
element for one of the industry’s biggest challenges: achieving extremely high
memory bandwidth to power the next generation of AI data centres.
Our technology unlocks wafer-scale
superchips by providing highly energy-efficient interconnects for networking
across tens of chiplets – an essential component in the architectures everyone
is pursuing.
With the new funding, NcodiN will
expand its team and accelerate the industrialisation of its laser-on-silicon
technology. The company will also strengthen its supply chain and begin product
qualification with key strategic partners, laying the groundwork for
large-scale manufacturing.
In parallel, NcodiN plans to expand its R&D capabilities and establish a presence in Silicon Valley.