MIG Capital has led a €16 million seed financing round for French deep-tech startup NcodiN, which is innovating photonic interposer technology aimed at enhancing AI and HPC performance.

Target Information

MIG Capital, through its MIG Funds, has successfully led a seed financing round of €16 million for NcodiN, a pioneering AI hardware startup based in Paris, France. NcodiN is focused on developing NConnect, an innovative generation of photonic interposers designed to overcome critical performance and power challenges faced by AI and high-performance computing (HPC) systems.

The company utilizes an optical interposer technology embedded with miniaturized lasers, ensuring extremely high memory bandwidth crucial for the AI infrastructures of the future. This funding will enable NcodiN to establish a presence in Silicon Valley, expand its research and development (R&D) capabilities, and grow its team.

Industry Overview in France

France's technology sector, particularly in deep tech, has witnessed significant growth in recent years, buoyed by increased investment and government support for innovation. The prominence of artificial intelligence is