Aeluma announced Monday it has secured more than $4 million in government-backed contracts to advance its semiconductor platform for quantum photonics and high-speed optical communications. Shares surged approximately 37% in premarket trading.
The funding will accelerate development of heterogeneous integration technology, including quantum dot lasers for AI data centers and co-packaged optics, alongside scalable nonlinear photonic materials for quantum computing and sensing. Aeluma continues to collaborate with Tower Semiconductor and Sumitomo Chemical Advanced Technology to enhance manufacturing scale and address supply chain challenges.
Founded in 2019, Aeluma specializes in integrating compound semiconductor materials with silicon manufacturing. The California-based firm holds contracts with NASA, the US Navy, and the Department of Energy. A recent Navy contract funded the development of high-speed photodetectors crucial for defense sensing and quantum communications.
Aeluma reported significant fiscal performance, with revenue increasing 73% from $2.71 million in FY2024 to $4.7 million in FY2025. The company ended 2025 with $38.6 million in cash, providing ample runway for its strategic roadmap. The photonic integrated circuits market, where Aeluma operates, is projected to more than double by 2030.