AI data centres move data between processors, and a growing share of it travels as light. SCINTIL Photonics, founded in Grenoble to commercialise technology developed at the French research institute CEA-Leti, integrates indium phosphide lasers and amplifiers onto standard silicon photonic chips made in commercial foundries.
SCINTIL was selected for the EIC Accelerator in the October 2021 round with its DOLPHIN project, and the EIC Fund lists it as a portfolio company. No DOLPHIN grant project appears in the EU's CORDIS database, so what the grant part of the award paid for cannot be checked. In September 2025 SCINTIL raised $58 million, with NVIDIA taking part.
Company file
- Legal entity
- SCINTIL Photonics, SIREN 843872979, Grenoble, France
- Registered
- November 2018
- Leadership
- Matt Crowley (CEO), Sylvie Menezo (founder, CTO), Pascal Langlois (co-founder, chair)
- Technology
- SHIP heterogeneous integration of InP on silicon photonics
- Product
- LEAF Light DWDM laser source and evaluation kit
- Offices
- Grenoble; Canada; United States
- Investors
- Yotta, NGP Capital, NVIDIA, Bosch Ventures, Supernova, Bpifrance, Innovacom, BNP Paribas Développement, AVITIC, EIC Fund
- EIC award
- DOLPHIN, blended finance; no grant project on CORDIS
Where SCINTIL Stands Today
SCINTIL's product is LEAF Light, which it calls "the world's first single-chip, DWDM-native laser source", a chip that produces many wavelengths of light at once for co-packaged optics next to AI processors. In February 2025 it and the foundry Tower Semiconductor announced the availability of these heterogeneously integrated lasers, and in March 2025 it released an evaluation kit. The September 2025 Series B of $58 million (€50 million) was led by Yotta Capital Partners and NGP Capital, with NVIDIA, BNP Paribas Développement and existing investors, to "move to full-scale deployment", hire in France and the US and support high-volume production. French register data record revenue of zero and a net loss of €2.76 million for 2025.
The Technology: Lasers Built Into the Chip
SCINTIL's SHIP process, according to the company, "combines the best of silicon and indium phosphide photonics": indium phosphide, which can emit light, is bonded onto silicon photonic circuits so lasers and amplifiers sit on one chip, made in commercial semiconductor foundries. The EIC Fund describes it as a "fabless company developing silicon photonics with integrated lasers and optical amplifiers for high-speed optical interconnects in data centers, HPC, and 5G infrastructure".
"This investment marks a pivotal moment for Scintil as we move to full-scale deployment."
Matt Crowley, CEO, SCINTIL Photonics, September 2025What the EIC Project Promised, and What the Record Shows
DOLPHIN stands for "Disruptive OpticaL Engines with PHotonic fully INtegrated Circuits for Optical Communications". The award was blended finance, a grant plus equity. The EIC Fund portfolio page confirms the equity side. We could not find the grant side: no DOLPHIN project with SCINTIL as coordinator appears in the CORDIS Horizon Europe data, where SCINTIL shows up only as a participant in the separate PROMETHEUS research project. Its January 2022 announcement did not give the amounts.
- Integrated optical enginesDeliveredLEAF Light and evaluation kit, 2025.
- Foundry productionPartialWith Tower; volume not shown.
- Private follow-on capitalDelivered$58M Series B.
- Reported grant resultsNot shownNo CORDIS project found.
What Has Happened Since the Award
The Money
SCINTIL raised €4 million in 2020 and €13.5 million in June 2022 in a round led by Robert Bosch Venture Capital, bringing its total to €17.5 million, followed by an undisclosed investment from Applied Ventures and ITIC later in 2022 and the $58 million Series B. The EIC Fund's stake and the EIC grant amount are not public.
What cannot be checked
How much the EIC granted and invested, what the grant delivered, who SCINTIL's customers are and when it expects revenue are not public.
Why Europe Should Care
NVIDIA, whose processors dominate AI data centres, invested in SCINTIL in 2025. A Grenoble chip company built on French public research, with the EU as an investor, is a European stake in that supply chain. The missing grant record is a gap the EU should close.
What the project promised
Disruptive optical engines on fully integrated photonic circuits for optical communications.
What the record shows
A launched laser chip, a $58M round with NVIDIA, the EIC Fund on board, no revenue yet and no grant report.
The Verdict
A strong bet, an incomplete record
By private-market standards the EIC picked well: SCINTIL has a product aimed at AI data centres and investors including NVIDIA. But the company had no recorded revenue in 2025, and the public cannot see what the EIC grant paid for, because there is no project record on CORDIS.
SCINTIL Photonics has not been asked for comment for this article. It is based entirely on company statements, EU data and the French company register, linked throughout.
Sources
- EIC Fund, SCINTIL Photonics portfolio page
- SCINTIL Photonics, EIC Accelerator laureate, January 2022
- SCINTIL Photonics, $58M Series B, September 2025
- SCINTIL Photonics, €13.5M round, June 2022
- Tower Semiconductor and SCINTIL, DWDM lasers, February 2025
- SCINTIL Photonics, about
- Annuaire des entreprises, SCINTIL Photonics
- CORDIS, Horizon Europe open data
