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Information Technology
Phlux Technology, a pioneering UK-based sensor firm specializing in infrared technology, has announced a significant expansion plan following a £9 million Series A funding round. This substantial investment, led by BGF, the UK and Ireland’s most active growth capital investor, includes contributions from existing investors such as Octopus Ventures, Northern Gritstone, and Foresight. The funding will be pivotal in enhancing Phlux's production capacity and expanding into international markets, particularly in the optical communications and sensing industries.
Phlux Technology has developed a breakthrough in infrared sensing using antimonide-based semiconductor technology. This innovation promises to revolutionize the efficiency and speed of fibre broadband connectivity by delivering faster and more energy-efficient sensor and connectivity systems. The company's ultra-low-noise infrared sensors have shown the potential to increase data rates by up to five times for fibre-optic and free-space communication systems, offering significant improvements over existing commercial devices.
Since its inception in 2020 as a spin-out from the University of Sheffield, Phlux Technology has already established a global fabless supply chain serving customers in Asia, Europe, and North America. With this new funding, the company aims to further expand its engineering and commercial teams, increase production, and launch new product lines tailored for optical communications and sensing systems.
Luke Rajah, Partner at BGF, highlighted Phlux's potential by stating, "Phlux has developed a game-changing technology in a sector that’s long overdue for disruption. With strong academic roots, early commercial traction, and a compelling roadmap, the team is well-positioned to lead in infrared sensing." BGF’s support is crucial for Phlux’s global scaling efforts across sensing and telecommunications markets.
Owen Metters from Octopus Ventures noted, "We are excited to see this funding deployed to grow the team and bring exciting product ranges to market." Similarly, Duncan Johnson, CEO of Northern Gritstone, emphasized Phlux’s role in semiconductor innovation and its impact on areas like internet access and safety technologies.
The demand for high-speed optical communication systems is growing rapidly, and Phlux Technology is poised to capitalize on this trend. By removing long-standing technology bottlenecks, the company is enabling industries to enhance connectivity, efficiency, and security. This expansion not only underscores Phlux's growth potential but also highlights the momentum in the sensor technology sector, particularly in advanced semiconductors and AI-driven applications.
Phlux Technology's £9 million investment marks a significant milestone in its journey towards global market leadership in infrared sensing. By leveraging its cutting-edge technology, the company is set to revolutionize optical communications and sensing systems, contributing to a more efficient and connected world. This growth strategy aligns with broader trends in the technology sector, emphasizing innovation, scalability, and strategic partnerships.