ROADMap Secures $2.3m in Series B Investment

October 01, 2018  − in News

CAMBRIDGE, United Kingdom, 6th August 2018

ROADMap today announced that it has successfully closed a funding round of $2.3 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 is revolutionary wavelength selective switch (WSS) technology to market. The company, spun-out from the University of Cambridge, to commercialise the extensive know-how and IP portfolio established in optical switching technology.

ROADMap is commercialising its LCoS-based WSS technology by building on a disruptive platform that allows multiple independent switches to be integrated into a single module.  This module can be configured to simultaneously support both 1xN and NxN WSS functionality.  The unique technology platform is protected by a suite of worldwide patent families covering optical switch architectures, novel material applications, crosstalk reduction techniques, passband engineering and hologram optimisation algorithms.

ROADMap CEO Karl Heeks commented ‘We welcome a number of new investors and are also grateful for the continued support of our seed investors. This round will also see the appointment of both Phil O’Donovan to our board in an NED capacity and Christopher Hall as a board observer.’

ROADMap Chairman Ian Vance said ‘The market is about to expand rapidly and this investment will position us to participate in this evolution. Our solutions will create the breakthrough in cost/performance that has been missing from this layer of telecoms and datacoms networks.’

The round was led by Cambridge Enterprise, the commercialisation arm of the University of Cambridge, who also led the earlier funding rounds. Head of Seed Funds Anne Dobree commented ‘We are looking forward to continuing to partner the team at ROADMap as they enter the next stage of development and start to bring their ground-breaking WSS technology to the marketplace.’