DC Consulting has advised datacoms business Conjunct in its latest funding round, which has resulted in Braveheart equity investment of £300,000, plus SMART grant funding. The funding will help the Livingston based company to develop its state of the art Fibre-Lyte technology.
Founded in 2003 as a start-up from Heriot Watt University, Conjunct has developed technology for the datacoms market which provides optical solutions to move data over short distances (500m or less). The funding allows Conjunct to focus on fully developing Fibre-Lyte, which will be licensed to a range of industrial partners. It will also be used to embed the technology in a range of value-added products.
Ken Allstaff, Chief Executive of Conjunct, commented:
“We have reached a new phase in our product development and are very gratified that Braveheart is now on board as an investor and adviser. We are confident that, with its backing, we can accomplish our potential as we commercialise our pioneering technology.”
Braveheart’s chief executive, Geoffrey Thomson, said:
“Conjunct has designed products which will provide significant benefits across the datacoms market. Over the past five years, the company has built an impressive board of advisers and secured initial early stage funding. We are pleased to be supporting them through this, the next stage in their growth and development.”
DC Consulting’s Angus Hay steered the deal through. He believes Conjunct has huge potential:
“This is a dynamic and exciting market and Conjunct is very much at the leading edge. We are pleased to be part of a deal which brings excellent Scottish technology one step further towards international success.”