Oledcomm

Oledcomm is a pioneering company specializing in photonic communication solutions, particularly through its advanced LiFi technology, which transmits data using LED lights, enhancing security and efficiency in data transmission. Founded in 2012 in Paris, France, Oledcomm focuses on LiFi technology that provides high-speed data transmission via light. The company has successfully completed three funding rounds, with the latest being a Seed round of EUR 0. 706 mn raised on August 2, 2016, led by EIT Digital.

The CEO, Benjamin Azoulay, has been instrumental in steering the company’s vision and growth. Oledcomm specializes in photonic communication solutions through its flagship product, LiFi (Light Fidelity) technology, which utilizes LED lights to transmit data at high speeds. This innovative technology replaces traditional radio frequency-based communication systems, providing advantages such as enhanced security, reduced latency, and lower energy consumption. The LiFi solutions are tailored for various sectors, including Aerospace, Defense, Cybersecurity, and Education, catering to clients that require secure and stable network connectivity in environments where radio waves are undesirable.

Notable product offerings include the LiFiMAX® Access Point, Photonic Antenna, and Dongle, each designed to deliver robust and uniform coverage without interference, ensuring reliable connectivity for smart devices, IoT networks, and high-security applications. Oledcomm's clientele spans various geographical regions, reflecting its commitment to enhancing connectivity solutions globally. In the most recent fiscal year, 2017, Oledcomm reported a revenue of EUR 294,323. 2, while the EBITDA amounted to EUR -425,551.

2, reflecting the company's current financial positioning as it develops its innovative technologies. Oledcomm plans to expand its product line with upcoming LiFi solutions designed for new market segments, including healthcare and smart cities, with product launches anticipated by 2018. The company aims to expand its presence into the North American and Asian markets by the end of 2018, leveraging recent funding from a deal in May 2017, where it raised EUR 1. 07 mn in venture debt to support its growth initiatives.