NcodiN, a deep-tech startup developing optical interposer technology with integrated nanolasers, secured €16M in an oversubscribed Seed round.
The investment enables a shift from R&D toward industrial-scale execution, including product development, key engineering hires for CMOS pilot-line industrialization on 300 mm wafers, and the build-out of a supply chain and customer ecosystem.
The round was led by MIG Capital with participation from Maverick Silicon, PhotonVentures, Verve Ventures, and continued support from Elaia, Earlybird, and OVNI.
NcodiN is building NConnect, a new class of photonic interposers designed to overcome the limitations of electrical interconnects known as the “copper wall.” At the core of the platform is the world’s smallest laser, enabling dense silicon integration and scalability compatible with existing processor architectures. This approach allows supercomputer-level performance within a single processor and paves the way for more energy-efficient AI hardware. The financing accelerates industrialization efforts, including an industrial pilot showcasing compatibility with advanced packaging.
The round also supports expansion into Silicon Valley, increased R&D capacity, and team growth for future large-scale manufacturing partnerships.
“This funding marks a pivotal milestone for NcodiN. We are delivering the missing piece for the industry’s most pressing challenge: enabling extremely high memory bandwidth to power the AI factories of tomorrow. Our technology unlocks wafer-scale superchips by providing the most energy-efficient interconnects for networking across tens of chiplets – an essential component in the architectures everyone is chasing. As new generations of GPUs and AI accelerators emerge to keep pace with rapidly evolving GenAI algorithms, NcodiN is laying the photonic foundation that makes them possible” — Francesco Manegatti, CEO and Co-founder, NcodiN
“Memory bandwidth has become a defining bottleneck in AI, with copper interconnects struggling to deliver the reach and efficiency required for next-generation systems. NcodiN’s photonic interposers unlock memory bandwidth and capacity beyond copper’s limits. We are excited to support NcodiN as they enable architectures that will define the future of AI hardware.” — Josh Miner, Maverick Silicon
Over the past 18 months, NcodiN achieved major milestones including proof-of-concept nanolasers below 0.1 pJ/bit, integrated nanodetectors, and full optical links on silicon. A new independent cleanroom now supports rapid prototyping and joint development with industry partners.