POET Technologies is a startup disrupting the photonics industry with a new technology that eliminates parts of an optical transceiver and replaces them with a single integrated device which is smaller, cheaper, faster, more scalable and with much lower power consumption than the current solutions. Its solution can be produced at wafer scale, eliminating costly manual steps, and allowing it to be easily produced in large quantities and at low cost. In 2024 it raised $81 million to ramp production and restructure the company by buying out its JV partner. Recently, POET demonstrated that its technology could be used as light sources powering the connections between GPUs and memory chips in Artificial Intelligence processors. POET's platform can be applied to many other large fast growing photonics markets including AI, high-speed computing, co-packaged optics, Medtech, augmented reality, LIDAR, and the Internet of Things.
