iPronics raises €108M for photonics AI, backed by Nvidia, targets profitability in 2 years

Spanish photonics startup iPronics closed a €108M funding round, with Nvidia as a backer, to scale its optical computing technology for AI workloads. The company expects profitability within two years, signaling commercial traction in a niche but strategic segment. The investment underscores Nvidia's push into alternative compute architectures as AI power demands rise.