"We see tremendous value in the technology that Xscape Photonics is developing to solve challenges customers are facing with AI data center energy usage and performance. The future of the data center will be built around photonics and this capital will help to dramatically accelerate Xscape Photonics’ product development to address unique customer requirements.” – Alex Kash, Associate, IAG Capital Partners

“As the scale and complexity of data centers continue to increase, they demand faster, more efficient ways to handle vast amounts of data, especially for applications such as AI, machine learning and real-time analytics. We are excited to back Xscape Photonics as they push the boundaries of data processing speed and energy efficiency.” – Aleem Rizvon, Vice President, Cisco Investments

Life Extension Ventures is a $100M fund investing in visionary entrepreneurs leveraging AI to build a better life for People and Planet.

“High data rate and dense form factor are essential elements for on-chip I/O and photonic transceivers. Xscape Photonics has made a major advancement in both with an elegant multi-color light source that stands to unlock the promise of silicon photonics for high performance computing.” – Eric Bielke, Managing Partner, Fathom Fund

“We are excited to partner with the team at Xscape Photonics in their journey to transform the data center landscape. By enabling scalable AI performance in an environmentally sustainable way, Xscape Photonics is paving the way for next generation AI systems.” – Karthik Balasubramanian, Partner, Kyra Ventures

"OUP looks to invest in companies based on radical technical innovations developed in university labs that address significant marketplace problems. Xscape Photonics has a unique combination of extremely strong technical talent, cutting edge technology and significant customer interest in a large market segment, all of which made it a compelling investment.” – Marc Singer, Managing Partner, Technology, OUP

Altair is a global leader in computational science and artificial intelligence (AI) and provides software and cloud solutions in design and simulation, high-performance computing (HPC), and data analytics. We enable organizations across all industries to compete more effectively and drive smarter decisions in an increasingly connected world – all while creating a more sustainable future.