iPronics

iPronics builds programmable photonic circuits for AI data centres, spun out of the Universitat Politecnica de Valencia in 2019. Its main product, iPronics ONE, is an optical switch that reconfigures the links between GPUs in a cluster while the cluster is running. In September 2026 it closed a EUR 108 million Series B co-led by Maverick Silicon and Light Street Capital, with NVIDIA joining as a strategic investor, bringing total capital raised to $177 million.