Technology firm secures €300k capital

New technology to stream data through the internet’s fibre optic infrastructure at super high speeds is the foundation for Pilot Photonics Ltd, which yesterday secured €300,000 in seed capital.

A spin-out company built on the work of research teams in Cork’s Tyndall National Institute and Dublin City University secured the investment from Enterprise Ireland and the AIB Seed Capital Fund.

Enterprise Ireland hopes the investment will enable company directors Philip Perry and Frank Smyth to find a route to market for their optical networking technology, which has the potential to dramatically increase internet speeds.