AI Boom Delivers $75 Million Windfall to POET Technologies – Optical Revolution Ahead?
POET’s $75 Million Bet to Scale AI Connectivity POET Technologies – a Toronto-based designer of photonic chips – has landed a $75 million cash infusion to supercharge its growth in the AI hardware arena tipranks.com. Announced on October 7, the deal was a non-brokered private placement (13.64 million new shares plus warrants) with a single institutional investor, underscoring a strong vote of confidence in POET’s technology globenewswire.com globenewswire.com. The investment “marks the largest single investment in POET’s history” and boosts the company’s balance sheet to over $150 M in cash with no significant debt, according to CEO Dr. Suresh Venkatesan globenewswire.com globenewswire.com. “The massive growth of AI infrastructure represents an unprecedented