Photonics Terminal
v0.1 — RESEARCH PREVIEW
SECTOR INTELLIGENCE / LIGHT-BASED PROCESSORS

The transistor monopoly is breaking. Photons are next.

Track the universe of public companies and IPO candidates building photonic computers, optical interconnects, and the laser supply chain powering the next generation of AI infrastructure.

PUBLIC UNIVERSE

11 tickers across the photon stack

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CATALYST FEED

Latest signals

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IPO WATCH LIST

Private companies on file-watch

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Q.ANT
Stuttgart, Germany
TFLN analog photonic processor (NPS); 8-bit multiply in 1 optical element...
Raised $80M
Series A second close (Apr 2026)
Lightmatter
Mountain View, CA
$4.40B
Passage M1000 photonic superchip (114 Tbps); Envise AI accelerator...
Raised $850M
Series D (Oct 2025)
Celestial AI
Santa Clara, CA
$1.00B
Photonic Fabric — HBM3E/HBM4 compatible interconnects...
Raised $594M
Series C (~2024)
Ayar Labs
Santa Clara, CA
$1.00B
In-package optical I/O chiplets; 100+ Tbps demonstrated...
Series D (2024)
PsiQuantum
Palo Alto, CA
Silicon photonic fault-tolerant quantum; GFS partnership...
Raised $665M
Series D
Xanadu
Toronto, Canada
Squeezed-light photonic quantum; PennyLane open-source ML...
Raised $287M
Series C