POET raises US$75m from institutional investor
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POET Technologies Inc has raised US$75 million from a single institutional investor through a private placement of common shares and warrants. This marks the largest investment in the company's history, aimed at corporate development, R&D scaling, and expanding operations. CEO Dr. Suresh Venkatesan highlighted the growth potential in AI infrastructure, stating that POET is well-positioned to capitalize on this opportunity with over US$150 million in cash and no significant debt.
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