LightSolver Achieves Milestone with €12.5M Funding Award from EIC
Thursday, 8 August 2024, 05:08
LightSolver's Major Funding Achievement
LightSolver, an innovative startup specializing in laser-based computing, has been recognized by the European Innovation Council (EIC) Accelerator Program.
Details of the Funding
The company will receive a total of €12.5 million, comprising:
- €2.5 million grant from the EIC Fund
- Future equity investment of €10 million
Significance of the Award
This funding places LightSolver among the top 68 companies selected by the EIC, further validating its potential in advancing laser-based technology.
Conclusion
This achievement not only boosts LightSolver's growth prospects but also highlights the European commitment to fostering innovation in high-tech sectors.
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.