Overview

Update
Acquisitions
1 Acquisition
IPO / Stock
Went Public on Jul 6, 2007 / CVE:PTK
Headquarters:
Toronto, Ontario
Description:
POET Technologies develops a platform that powers innovation in integrated circuits by combining electronics with optics onto a single chip.
Categories:
Optical Communication, Electronics, Manufacturing
Website:
http://www.poet-technologies.com
Social:

Company Details

Update

POET Technologies (formerly Opel Technologies) is the developer of a platform that will power the next wave of innovation in integrated circuits, by combining electronics and optics onto a single chip for massive improvements in size, power, speed and cost.

For almost 50 years, Moore’s Law has dictated the pace of technological change. As the number of transistors on a chip double approximately every 1.5 to 2 years, this increases the performance capabilities of computing devices and the many functions they make possible. Unfortunately, with present silicon-based integrated circuits and manufacturing processes, performance and cost improvements under Moore’s Law are increasingly unsustainable, and will soon come to an end.

These physical limitations will increasingly impede electronics manufacturers from continuing to build smarter, faster, more efficient and cheaper devices – including sensors, lasers and computing devices (PCs, smartphones, tablets, etc).

By integrating optics and electronics onto one monolithic chip, POET will provide its customers with a rebirth for Moore’s Law and usher in a new wave of innovation in integrated circuits.

Dr. Geoff Taylor and the POET research and development team have spent more than 18 years developing and proving out numerous components of the POET platform, resulting in 32 patents to date, and six patents pending.

Funding Rounds (2) - $10M

Update
DateAmount / RoundValuationLead InvestorInvestors
Feb, 2014$5M / Post Ipo Equity0
Nov, 2011$5M / Debt Financing1

Investors (1)

InvestorRound(s)Partner(s)
Debt Financing-

Acquisitions (1)

Update
DateAcquiredAmount
Apr 28, 2016$18.4M in Cash & Stock

Current Team (5)

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Offices/Locations (2)

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  • Operations Office

    P.O. Box 555

    Storrs Mansfield, CT 06268

    USA

  • HQ

    121 Richmond Street W

    Suite 501

    Toronto, Ontario M5H2K1

    Canada

Images (1)

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