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Quintessent raises $11.5M in seed funding to future-proof optical connectivity

Quintessent raises $11.5M in seed funding to future-proof optical connectivity

March 14, 2024 Craig Etkin

March 14, 2024 11:00 AM Eastern Daylight Time

SANTA BARBARA, Calif.–(BUSINESS WIRE)–Quintessent, a pioneer in heterogeneous silicon photonics and quantum dot laser technology, has closed on just over $11.5 million in an oversubscribed Seed funding round. Osage University Partners (OUP) led the round along with new investors including M Ventures, and joining existing investors Sierra Ventures, Foothill Ventures, and Entrada Ventures.

The proliferation of A.I. is catalyzing a rapid transition and growth of the world’s computing infrastructure from general purpose architectures to ones specifically designed for accelerated computing. This new paradigm of computing requires the orchestration of massively parallel units of distributed but interconnected compute resources at the cluster or datacenter scale. As a result, data movement efficiency of the interconnecting fabric is a critical bottleneck to accelerating system performance at scale.

Achieving sustainable growth of computing and data movement will require new technologies and architectures that can match the rapid progression of bandwidth (density) scaling from computing and switching interfaces while simultaneously minimizing power, latency, fiber count, chip size, and total cost of ownership. In addition, to enable practical deployment at scale and ensure quality of service, significant improvements in reliability relative to today’s solutions are required.

“We are grateful for the support from our new and existing investors who all recognize the need for foundational innovations to catalyze sustainable and reliable interconnect scaling for the era of accelerated computing,” said Alan Liu, CEO and co-founder of Quintessent. “This new funding allows us to grow our team and accelerate the development of highly scalable and highly reliable optical interconnects that transcend the scaling limitations of incumbent solutions, built on top of a unique technology stack including our multi-wavelength comb laser.”

“Novel chip-scale laser architectures have rarely been the focus of today’s photonics companies because the industry is still so nascent and focused in on engineered solutions. But at OUP, as we observed various A.I. and computing hardware companies push the limits of bandwidth and packaging with optical systems, we found they were all challenged by the scaling and cost of their optical laser source,” said Manny Stockman, a Partner at OUP who will be joining Quintessent’s Board of Directors. “Quintessent’s plans to productize interconnect solutions powered by multi-wavelength quantum dot comb lasers may become one of the most critical product developments in photonics at just the right time to intercept the surging demand for optical connectivity at the largest computing corporations in the world.”

About Quintessent:

Quintessent is developing optical connectivity solutions to interconnect compute and switch chips with massively accelerated and power efficient bandwidth across the datacenter. Leveraging multiple innovations spanning materials, device/circuit design, and link architecture, Quintessent technology simultaneously reduces power consumption and required component count while multiplying bandwidth density compared the state of the art. Quintessent is headquartered in Santa Barbara, California.

To learn more about Quintessent, please visit www.quintessent.com or contact info@quintessent.com

Contacts

Alan Liu
CEO and Co-Founder
info@quintessent.com

(c)2024 Business Wire, Inc., All rights reserved.


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Business Wire, California, Quintessent, Santa Barbara, Venture Capital

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Fabric, a leader in care delivery and consumer experience, has announced the acquisition of UCM Digital Health (UCM), a leading digital health and telehealth provider. The acquisition expands Fabric's services to about 400 new employer and payer customers, adding one million covered lives. Fabric now serves over 75 health systems, 30,000 employers, and over 100 million lives across all 50 states. This marks Fabric’s fifth acquisition in less than three years, underscoring its strategic build-and-buy approach to unify the fragmented digital health landscape. By expanding its footprint in the payer and employer markets, Fabric is extending its comprehensive care access and experience platform paired with its nationwide provider network to streamline virtual-first care, expand access, improve efficiency and outcomes, and reduce both medical and overhead costs.

In a statement Aniq Rahman, CEO and Founder of Fabric said, "For Fabric, it’s about making healthcare more accessible.” “We’ve already made meaningful progress in the payer and employer markets, and this acquisition allows us to deepen that impact. By bringing more payers and employers onto our platform, we’re creating a connected experience that streamlines workflows, reduces friction and costs, and ultimately drives better outcomes for members and our partners." Moving forward, the 400 payers and employers served by UCM will transition to Fabric’s expanded technology and clinical network, gaining access to enhanced omnichannel patient experiences that improve efficiency before, during, and after virtual care. Through Fabric’s nationwide provider network, patients can receive a treatment plan for most common medical conditions in just five minutes or connect with a behavioral health provider within three days.

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Unlimited is an AI-native construction company headquartered in San Francisco. Today, the company designs and builds across energy infrastructure, data centers, critical minerals, and advanced manufacturing, helping developers build with greater speed, ambition, and efficiency. Their mission is to build a future of radical physical abundance by automating construction end-to-end. The company was founded in 2025 by serial founders Alex Modon, Jordan Stern, and Tara Viswanathan.
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