Cambridge University spin-out company ROADMap systems 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 investment will help fund the expansion of the business as it takes its revolutionary wavelength selective switch (WSS) technology to market.
The company was spun out from the University of Cambridge in 2013 based on research by CIKC (PASSBACK project). ROADMap 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. Liquid Crystal on Silicon (LCoS) technology, which was one of the main themes of CIKC, has emerged as the beste 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.
For more details of the funding round see: roadmap-systems-secures-1-7m-in-series-a-investment/