Morphotonics
Dutch deep-tech company in Veldhoven, builds equipment for AI/AR glasses waveguides. Series B of more than €40M in 2026.
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Podcast Episode
🎙️ Deep Dive
Verda, Morphotonics, Biolevate, Gamindo — $189M for AI cloud, €40M+ for optics, €30M for life sciences and €1.4M for training — Daily News September 22, 2026
Listen to the episodeAbout Morphotonics
The Veldhoven deep-tech company combines equipment, processes and proprietary materials to replicate micro- and nanoscale structures across large surfaces. Its Cypris platform targets volume production of waveguides for AI glasses and augmented reality, with a future expansion into co-packaged optics for data centres.
How Morphotonics works
Business Model
Direct sales of industrial equipment, process and materials licensing to optical-component and display manufacturers.
Products & Services
Key Products
- Piattaforma Cypris (nanoimprint lithography su grandi pannelli)
Core Use Cases
- Volume production of waveguides for AI and AR glasses
- Nanoimprinting of advanced displays and sensors
- Development of photonic components for data centres
Market & Clients
Key Customers
Display and optical-component manufacturers, consumer-electronics brands, photonic-infrastructure suppliers.
Geographic Presence
How Morphotonics competes
Competitive Advantages
- Large-panel nanoimprinting
- Integrated equipment, process and materials platform
- Access to Brainport's (Eindhoven) industrial supply chain
How Morphotonics grows
Growth Strategy
Increase production capacity for the Cypris platform, expand engineering/sales/support/supply chains, enter co-packaged optical components for data centres.
Distribution Model
Direct sales of industrial equipment, process and materials licensing, lab-to-fab network for pre-purchase trials.
Moat (Defensibility)
Process know-how and roll-to-plate intellectual property, integration into customers' manufacturing processes.
Regulatory Context
EU industrial-machinery safety rules, export controls on advanced photonics technologies, environmental requirements for materials and chemical processes.
Strategic Insights
- In hardware-intensive markets the bottleneck is often not design but the ability to manufacture at volume, sustainably.
- Being the production-infrastructure supplier (picks-and-shovels) for a nascent market reduces exposure to any single end product's success.
Funding & Investors
Funding Rounds
- 2026 - : €40M+
Founding Team
Founders
Key Executives
- Hugo da Silva - CEO
- Jan Matthijs ter Meulen - CTO
Key Metrics
Lessons from Morphotonics
- An "extended" round can combine several tranches: always read the funding history before adding up headline figures.
- Concentration on a few industrial customers means long sales cycles but very deep relationships.
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