PICadvanced develops optoelectronic transceivers for telecom applications, focused on the NG-PON2 next-generation passive optical network standard. The company's products aim to increase capacity and service flexibility needed for 5G and converged residential and business services. Founded in 2014 and based in Ílhavo, Portugal, PICa targets lower broadband access costs and improved performance for end users by enabling more bandwidth per fiber. The company recently raised €4 million in a Series A led by Verizon Ventures with support from the 200M Co-investment Fund managed by PME Investimentos to advance product development and deployment. Verizon began testing NG-PON2 in 2018, and the partnership is positioned to help deliver business services and wireless backhaul alongside residential traffic on the same fiber. Market forecasts in the article project NG-PON2 to exceed $2 billion in 2024 (up from about $250 million in 2019), highlighting demand for PICa's solutions.

Total raised

$5M

Funding rounds

1

Latest round

Series A

Latest activity

Aug 2020