We have been granted a 3-year EU project with IBM FHE, IBM Zurich and Lumiphase, amongst others, to develop and test new modulator materials, for inclusion in our technology.
The UK government will cover the costs of the c. $1 million grant we should have received from the EU. This additional source of funds is non-equity based and the project material is something we would be looking to work with.
The project represents a great opportunity to accelerate the pace and engage with potential series B investors at the same time.
Optalysys partnered with The Earlham Institute to create a Genetic Search System through a 2.5 year project that was successfully awarded £0.5m from government body Innovate UK.
Optalysys completed a seedling project in collaboration with the US Defense Advanced Research Projects Agency (DARPA) in 2017 exploring light-speed mathematical processing.
A major project led by the European Centre for Medium-Range Weather Forecasts (ECMWF) to develop next generation numerical weather prediction.