Mystery $75M Bet Propels POET Technologies – Tiny Optical Chipmaker Rides AI Gold Rush
$75 Million Infusion Fuels AI Connectivity Expansion POET’s $75 million capital raise – a non-brokered private placement of ~13.64 million shares (with warrants) – marks a major vote of confidence in the company’s technology ts2.tech. “This is the largest single investment in POET’s history,” noted CEO Dr. Suresh Venkatesan, adding it boosts POET’s balance sheet to $150 M+ cash and no debt ts2.tech ts2.tech. The deal was funded by a single institutional backer (whose identity was not disclosed), sparking speculation of a potential strategic partner behind the scenes ts2.tech. With this hefty war chest, management plans to “scale up [POET’s] growth ambitions in the
