Ranovus, established in 2012 by technology industry veterans, develops next-generation, power-efficient interconnect technologies for computer chips and data-centre internal communication. The company aims to deliver high-performance silicon photonics solutions targeted at next-generation AI workloads, promising significant power and cost savings versus existing technology. Ranovus plans to leverage Canadian semiconductor and compound-semiconductor manufacturing capacity and local silicon photonics expertise to scale production. The current initiative is a $100 million project to advance domestic production and manufacturing of semiconductor products and services, supported by a $36M CAD federal contribution. With this project Ranovus expects to grow its Canadian workforce to 200 full-time employees and provide opportunities to 150 Canadian co-op students. The project is also expected to produce 40 new patents and contribute to reductions in greenhouse gas emissions from data centres. Ranovus designs and manufactures advanced connectivity and energy-saving solutions for data centres and communications networks. The company is positioning its technology as cost-efficient and disruptive, aiming to set industry benchmarks for next-generation cloud and connectivity applications. With operations in the United States and Germany and headquarters in Ottawa, Ranovus plans to build a new advanced manufacturing facility in Ottawa supported by recent funding. The project is intended to boost data centre infrastructure capacity while lowering costs and environmental impact. Ranovus says the funded solution could halve data processing costs and reduce greenhouse gas emissions by about 1.4 kilotonnes per year by 2024. The company will also pursue inclusive hiring, retain intellectual property in Canada, and expand collaborations with post-secondary research institutions, private companies, and not-for-profits. Ranovus develops technology aimed at lowering the electricity consumption of cloud data storage. The company’s work focuses on reducing the energy required for companies to store information in the cloud. Ranovus is based in Ottawa and is positioned within Canada’s cleantech sector. The company is receiving government support to advance its early-stage clean-technology work. Its project funding comes through Sustainable Development Technology Canada, which helps bring early-stage cleantech to market. Ranovus’s recent financing is part of a broader federal push to support clean-technology innovation. RANOVUS develops multi‑Tb/s interconnect solutions enabled by its Quantum Dot Multi‑Wavelength Laser and advanced silicon photonics integrated circuit technologies that deliver multi Tb/s connectivity over a single‑mode fiber pair. Its technology aims to significantly reduce power dissipation, size and cost of interconnects while offering lower latency than traditional solutions. The company says it has achieved significant technical and commercial milestones and is working closely with leading datacenter network operators. RANOVUS is entering the deployment phase of its product portfolio and plans to accelerate product delivery into its global customer base. To support that expansion, RANOVUS announced a $24 million USD expansion equity and growth capital financing. The company operates in Canada, the USA and Germany and was founded in February 2012. RANOVUS develops multi‑terabit interconnect solutions for data centers and communications networks. Its platform is enabled by Quantum Dot Multi‑Wavelength Laser technology combined with advanced digital and photonics integrated circuit technologies. The company says its technology significantly reduces power dissipation, size and cost while delivering much lower latency versus traditional solutions. RANOVUS aims to provide cost‑effective, power‑efficient, low‑latency connectivity from 100Gb/s to multi‑Tb/s for data center operators. The company will use the newly raised $11 million to execute its product roadmap, expand operations to support product delivery and ramp up its interconnect solutions. RANOVUS was founded in February 2012 and operates in Ottawa, Canada and San Jose, USA.

Total raised

$87M

Funding rounds

5

Latest round

Equity

Latest activity

Mar 2023