Ambient Photonics to Seek Series B in 2023 to Scale Up Manufacturing – CEO

Mergermarket’s Hana Askren interviews Ambient CEO Bates Marshall about the company’s $31M Series A and other financing plans for 2022 and 2023.

There has been strong interest in the product from global electronics companies and Ambient expects to be “capacity constrained” for some time. On the topic of timing to cash flow break-even, Marshall said that after seeing VC backed companies chasing growth at the expense of profitability, Ambient designed its growth model to have “very good financial performance in the first factory.”