Phlux Technology, a spinout from the University of Sheffield, has raised £9 million in Series A funding to accelerate its entry into new markets. BGF led the funding round, which also included contributions from Octopus Ventures, Northern Gritstone, and Foresight.
The investment will help Phlux build on its breakthrough antimonide-based semiconductor technology, which delivers highly efficient, low-noise infrared sensors. These sensors are poised to revolutionise optical communications, enabling up to five times faster data rates and enhanced sensitivity compared to current devices. The funding will also drive expansion into industries such as industrial automation, defence, vehicle safety, and gas sensing.
With its first engineering samples showing notable performance improvements, Phlux plans to scale production, expand its engineering and commercial teams, and launch two new product ranges targeting optical communication and sensing systems. Already serving customers across Europe, Asia, and North America, the company is set to deepen its global presence and collaborate further with industry leaders.
Phlux CEO Ben White highlighted the significant market demand for high-speed optical communication systems and stated that this funding will help address long-standing technology bottlenecks.
