POET Technologies closes US$400 million investment
The financing will scale manufacturing and accelerate product leadership in photonic interconnect solutions for AI.
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Developer of optical interposer technology
poet-technologies.comLast updated
In short: POET Technologies faced several securities fraud lawsuits and significant share volatility following a canceled contract and its Q1 2026 earnings.
The financing will scale manufacturing and accelerate product leadership in photonic interconnect solutions for AI.
The offering includes common shares and warrants to an institutional investor. Proceeds will fund expansion and R&D.
The company also announced strategic partnerships with LITEON, Lessengers, and Lumilens, including a $50M purchase order for EOI-based optical engines.
Marvell Semiconductor, which acquired Celestial AI, canceled the orders due to confidentiality breaches. The company continues fulfilling other customer orders, including a $5 million purchase.
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