Transaction Summary
InfiniLink Inc. (InfiniLink), an Egyptian semiconductor startup, has raised $10 million in seed funding to develop energy-efficient optical connectivity solutions tailored for AI-powered data centres. The investment was led by MediaTek Inc. (Mediatek), a leading fabless semiconductor company based in Taiwan, and Sukna Ventures, a Saudi-based venture capital firm, with participation from Egypt Ventures and M Empire Angels. Sukna Ventures invested through its Sukna Ventures Fund, which targets early-stage, high-potential startups across the MENA region, focusing on supporting digital transformation in sectors such as fintech, health tech, gaming, and education. InfiniLink, founded in 2022, focuses on Silicon Photonics technology, specifically its integrated optical transceiver chiplets (iOTC), designed to enhance data transfer speed while reducing power consumption. The funds will be used to scale the company’s operations and accelerate product development, targeting the growing AI-driven data centre sector.
Terms
- Fund Manager: MediaTek Inc., Sukna Ventures, Egypt Ventures, M Empire Angels
- Fund:
