Quintessent raises $40m in oversubscribed Series A funding round

Quintessent Inc of Santa Barbara, CA, USA — which specializes in heterogeneous integration of quantum dot lasers and silicon photonic integrated circuits (PICs) — has raised $40m in an oversubscribed Series A investment round led by Cycle Capital, along with new investors Goldman Sachs XIG-Industry Ventures, Hina Liberty Capital, Susquehanna International Group, InterVest, Safar Partners, and Ciena. Existing investors including Foothill Ventures, M Ventures, Osage University Partners, and Sierra Ventures also participated in the round...