POET Technologies closes $75 M investment to grow its AI connectivity business

15 Oct 2025

Funding intended for development, acquisitions, R&D, and expanding operations.

Poet Technologies, developer of the Poet Optical Interposer™, Photonic Integrated Circuits (PICs), and light sources for the data center, telecommunications and AI markets, has announced that it has closed a non-brokered financing, totalling USD75 million, with a single institutional investor, as yet unnamed.

The company issued and sold 13,636,364 common shares of the Corporation (“common shares”) and one common share purchase warrant of the Corporation (“warrant”) in a private placement for gross proceeds of US$75,000,002 before deducting related expenses.

This sum represents the largest single investment in Poet’s history. The company said it intends to use the net proceeds from this investment for corporate development, including targeted acquisitions, scaling up of R&D, acceleration of the light source business, expanding operations and general working capital.

“The massive growth of AI infrastructure represents an unprecedented opportunity for which POET is well-prepared,” said Dr. Suresh Venkatesan, Executive Chairman & Chief Executive Officer of POET.

“With a war chest of over $150 million in cash and no significant debt, we are now able to scale up our own growth ambitions in the market for advanced AI hardware solutions. This includes investments and targeted acquisitions to secure our technological lead and revenue generating opportunities in light sources for chip-to-chip connectivity, ultra high-speed transceivers and related applications,” Venkatesan added.

Terms of the investment

The combined price of one common share and the Warrant was US$5.50. The warrant entitles the holder to purchase up to 13,636,364 common shares at a per share exercise price of C$9.78, subject to adjustment, and became exercisable immediately upon issuance. The warrant is exercisable in whole or in part until October 7, 2030.

The investment was completed on a non-brokered private placement basis pursuant to the terms and conditions of a securities purchase agreement dated October 7, 2025, between the corporation and the investor.

Poet is a design and development company offering high-speed optical engines, light source products and custom optical modules to the artificial intelligence systems market and to hyperscale data centers. Poet’s photonic integration solutions are based on the Poet Optical Interposer™, a novel, patented platform that allows the seamless integration of electronic and photonic devices into a single chip using advanced wafer-level semiconductor manufacturing techniques.

Poet says its Optical Interposer-based products “are lower cost, consume less power than comparable products, are smaller in size and are readily scalable to high production volumes”. In addition to providing high-speed (800G, 1.6T and above) optical engines and optical modules for AI clusters and hyperscale data centers, Poet has designed and produced novel light source products for chip-to-chip data communication within and between AI servers.