POET Technologies Inc.
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POET Technologies Inc. - overview
Established
1985
Location
Toronto, ON, Canada
Primary Industry
Semiconductors
About
Based in Canada, POET Technologies Inc. specializes in innovative opto-electronic solutions aimed at enhancing data communication and integration for advanced applications, particularly in artificial intelligence. Founded in 1985 and headquartered in Toronto, Canada, POET Technologies Inc. focuses on manufacturing high-performance optical products.
The company does not have known subsidiaries or a parent company. CEO Suresh Venkatesan leads the firm, which has successfully raised a total of USD 2. 19 mn through its latest funding round named LP Direct, PIPE, featuring investors such as Entrypoint Capital and J. P.
Morgan Private Investments. POET Technologies specializes in advanced opto-electronic solutions, with its flagship product being the Optical Interposer, designed to enhance data communication for artificial intelligence applications. Its portfolio includes various optical engines capable of achieving transmission rates of 800G to 1. 6T, targeting sectors like telecommunications and data centers.
These products are essential for meeting the demands of AI developers and hyperscalers, facilitating seamless infrastructure integration. For the most recent fiscal year 2024, POET Technologies reported revenue of USD 41,427 and an EBITDA of USD -28,044,440. The company generates income through the sale of its optical products, engaging in direct B2B transactions with enterprise clients who require advanced capabilities for data transmission and AI integration. POET Technologies aims to expand its product line by developing new optical engines and enhancing its Optical Interposer.
The company plans to enter new markets in North America, Europe, and Asia by 2025. The recent funding of USD 2. 19 mn will support these initiatives, enabling them to scale operations and enhance product offerings.
Current Investors
HighTower Advisors, Polymer, J.P. Morgan Private Investments
Primary Industry
Semiconductors
Sub Industries
Electronic Components & Semiconductor Wholesalers, Integrated Circuits, Semiconductors
Website
www.poet-technologies.com
Verticals
Manufacturing
Company Stage
Mature - Growth Capital
Total Amount Raised
Subscriber access only
POET Technologies Inc. - deals
| Deals Type | Deal Status | Target (s) | Deal Date | Investor(s) | Seller(s) | Deal size (Mn) | Enterprise value (Mn) | Post-money valuation (Mn) | EBITDA multiple (x) | Revenue multiple (x) | Lead partner (s) |
|---|---|---|---|---|---|---|---|---|---|---|---|
| LP Direct, PIPE | Completed | POET Technologies Inc. | - | ||||||||
| Private Debt | Announced | POET Technologies Inc. | - |
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