Key Takeaways
- One Silicon Chip Photonics (OSCP) raised $6.0M (Series A) from New Science Ventures, Emerging Ventures, 2050 Capital.
- Sector: Aerospace & Defense, Technology, Software & Gaming, Manufacturing.
- Geography: Canada, United States, United Kingdom.
Analysis
- OSCP is developing photonic gyroscopes and inertial measurement units (IMUs) as an alternative to GPS, particularly for situations where GPS is jammed, degraded, or unavailable.
- The company aims to create a smaller, more accurate, and potentially cheaper alternative to existing IMU technologies (MEMS and FOGs).
- The Series A round was led by New Science Ventures, with participation from Emerging Ventures and 2050 Capital.
- OSCP plans to use the funding to commercialize existing products and develop next-generation offerings, with a focus on growing its team.
- The company sees its Canadian base as an advantage for international sales due to perceived stability and fewer export controls compared to the US.