What does Phlux Technology do?
Phlux Technology designs, manufactures, and markets 1550 nm infrared sensors, including its innovative Noiseless InGaAs® Avalanche Photodiodes (APD) that improve detection range in applications such as range finders, LiDAR systems, and optical fibre test equipment.
How much did they raise?
The company raised £9M in a series a funding round, with BGF leading the round and contributions from Octopus Ventures, Northern Gritstone, and Foresight. Previously, Phlux Technology secured a £4M seed round led by Octopus Ventures in December 2022.
What are their plans for the money?
With the new funds, Phlux Technology intends to accelerate its expansion into the optical communications and sensing markets. The investment will support further development of its antimonide-based semiconductor technology, potentially driving significant product innovation and market penetration.
What have they achieved so far?
Phlux Technology has already made notable progress with its advanced infrared sensor technology, offering 50% greater detection range in critical applications, and successfully raised a seed funding round worth £4M in 2022.
