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Ephos

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Glass-based programmable photonic chips enabling ultra-low-loss performance for AI data centers and quantum computers.

Milan, ItalyFounded 2022Defence
Valuation $25–50M Last recorded · 2024
Revenue $1–10M Latest reported FY
Headcount <100 Current team size
Total funding $50–100M Disclosed equity funding
Unlock exact values This page shows ranges. Dealroom has the exact numbers for Ephos and the history behind them.

About Ephos

Ephos designs and manufactures programmable photonic chips on glass for AI data centers and quantum computers, delivering ultra-low-loss photonic solutions that are robust, scalable, and cost-effective. Unlike traditional chip manufacturers relying on silicon-based technologies, Ephos builds on glass substrates, which offer best-in-class signal loss performance — one of the greatest hurdles in building a quantum computer. The company's novel 3D design and manufacturing capabilities unlock unique scaling opportunities and computational modalities that enable superior system performance. A key differentiator of the glass approach is that it enables processing and communication on the same chip, overcoming limitations found in current silicon-based solutions, with superior signal transmission. Founded in 2022 by theoretical physicist Andrea Rocchetto alongside researchers Francesco Ceccarelli, Giacomo Corrielli, and Roberto Osellame, Ephos was established to address a gap in Italy's deep-tech ecosystem. The founding team brings expertise from Stanford, Harvard, and Politecnico di Milano. Ephos operates a 53,000-square-foot facility (Fab-1) in the Milano Innovation District, serving as its central manufacturing and R&D hub. In July 2025, Ephos secured a €41.5 million grant under the EU Chips Act to build Fab-2, the world's first facility for processing advanced optical materials on glass at industrial scale, representing a total investment of €104.9 million. Ephos became the first startup to be awarded a grant under the EU Chips Act framework, joining beneficiaries such as TSMC, Infineon, and STMicroelectronics. The company serves customers across AI infrastructure, high-performance computing, quantum computing, and secure communications sectors.

Source: Dealroom company data

At a glance

Status
Operational
Founded
2022
Headquarters
Milan, Italy
Employees
28
Open positions
None listed
Dealroom signal
86.7/100
Sector
Defence, Quantum Computing, Defence Applications, Chips, Spinout, Photonic Integrated Circuits, Future of Computing, Semiconductor Designers and Manufacturers, Quantum Computers and Processors
Technology
Hardware, Deep Tech, Nanotech, Quantum Technologies
Business model
Manufacturing
Client focus
b2b

Funding history

5 recorded events

Company financing events and reported valuations.

Deal typeDateAmountValuationInvestorsSource
GRANTOther financing Jul 2025 $46M — European Union ↗
GRANTOther financing Sep 2024 $495K — Defence Innovation Accelerator for the North Atlantic (DIANA) ↗
Showing the latest 2 of 5 recorded eventsBook a demo for the full funding history →

Financials

Revenue over time

Revenue, earnings and other financial measures where available. Years marked “E” are estimates.

YearRevenueGrowth
2026
2025
2024
2023
2022 —
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Growth signals

Ephos website traffic

Latest recorded traffic for Ephos is 1.6K monthly website visits, down 33.3% over the last three months. Ephos's team grew 12% over the past year.

Latest monthly visits1.6K 3-month web change-33.3% 1-year team growth+12%
Summary metrics are public; monthly history is available with a demoCompare with peers →

Investments and acquisitions

Capital deployed

Recent portfolio relationships for companies that also act as investors or acquirers.

Investors

14 investors on the cap table

From Dealroom's funding and investor records, grouped by the round each investor first entered.

Seed13 investors entered at this stage

  • Defence Innovation Accelerator for the North Atlantic (DIANA)
  • Starlight Ventures
  • Investors' club
  • Green Sands Equity
  • 2100 Ventures
  • Collaborative Fund
  • Joe Zadeh
  • Exor
  • Diego Piacentini
  • Silicon Roundabout Ventures
  • Unruly Capital
  • Simone Severini
  • European Union

Other known investors1 additional known investor

  • National Research Council of Italy
Team profiled 4 named & role-tagged
Founders Hidden — book a demo/100 quality score
Key operators 2 quality Hidden — book a demo/100
Potential founders Hidden — book a demo likely future founders
Startup mafia Hidden — book a demo alumni-founded startups
Talent movements Hidden — book a demo in · Hidden — book a demo out past 12 months

Source: Dealroom Talent Intelligence.

Global footprint

Workforce and web traffic by country
Workforce by country
4 countries with
team presence
🇮🇹 Italy73.7%
🇬🇧 United Kingdom15.8%
🇺🇸 United States5.3%
🇮🇳 India5.3%
4 countries shown

Market sentiment

Posts on X, past 7 days

An AI-synthesised read of the highest-engagement posts about Ephos on X, ranked by likes and reposts, corporate channels excluded.

Reading the room on X — pulling top posts and synthesizing themes…

Source: X recent search ranked by engagement (likes + retweets) · Synthesis by Claude · Cached for 1 hour

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