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Private companiesTracked

ANELLO Photonics

Santa Clara, CA

ANELLO Photonics builds inertial navigation systems around SiPhOG, an optical gyroscope made on a silicon photonics chip. Its systems give position and heading to autonomous vehicles, aircraft and vessels where GPS is jammed, spoofed or unavailable.

Profile

What it builds and who buys it

  • ·SiPhOG replaces the discrete optical parts of a fiber optic gyroscope with an on-chip waveguide and a silicon photonic chip, made with silicon manufacturing processes.ANELLO Photonics (company release), Oct 20, 2021
  • ·The company holds more than 80 issued or pending patents and has an AI-based sensor fusion engine.ANELLO Photonics (company release), May 4, 2026
  • ·In January 2026 the Department of War selected it for a $20 million award under the APFIT program to speed procurement and production of its GPS-denied navigation technology.ANELLO Photonics (company release), Jan 22, 2026
  • ·Its earlier defense awards include U.S. Navy Phase I and U.S. Army Phase II SBIR contracts.ANELLO Photonics (company release), Jan 22, 2026
  • ·In February 2026 it began integrating its inertial navigation systems with Delta Black Aerospace’s uncrewed aircraft for GPS-denied missions.ANELLO Photonics (company release), Feb 3, 2026
  • ·In April 2026 BlackSea Technologies designed the ANELLO Maritime INS into its Chaser uncrewed surface vessel.ANELLO Photonics (company release), Apr 20, 2026

Founders and leadership

  • Mario PanicciaCo-founder and chief executive

    Spent more than 20 years in photonics. At Intel he became an Intel Fellow and was CTO and general manager of the Silicon Photonics Group.ANELLO Photonics

  • Mike HortonCo-founder

    Chief strategy officer at the time of the October 2021 Series A. The company’s release names him and Paniccia as pioneers in silicon photonics, sensors and navigation.ANELLO Photonics (company release), Oct 20, 2021

Funding

Last valuation

No citable valuation

Last round or tender

$25Mraised

Series B-2ANELLO Photonics (company release), May 4, 2026

Oversubscribed. Led by MESH, with new investor Washington Harbour Partners and existing investors Lockheed Martin Ventures, Catapult Ventures, New Legacy Ventures, One Madison Group, IronGate Capital and Mana Ventures. No valuation was stated.

Latest revenue figure

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Valuation to revenue

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Post-money valuation by round

Fewer than two dated figures on file to plot; the table carries what there is.

DateRoundRaisedPost-money
May 4, 2026Series B-2Oversubscribed. Led by MESH, with new investor Washington Harbour Partners and existing investors Lockheed Martin Ventures, Catapult Ventures, New Legacy Ventures, One Madison Group, IronGate Capital and Mana Ventures. No valuation was stated.$25M—
Nov 18, 2024Series BCo-led by Lockheed Martin, Catapult Ventures and One Madison Group, with New Legacy, Build Collective, Trousdale Ventures, In-Q-Tel (IQT), K2 Access Fund, Purdue Strategic Ventures, Santuri Ventures, Handshake Ventures, IronGate Capital and Mana Ventures. The company did not state the amount or a valuation.——
Oct 20, 2021Series ALed by New Legacy Ventures, with Lockheed Martin Ventures, Catapult Ventures, JS Capital, Hardware Club and individual investors. No valuation was stated.$28M—

Primary capital across the rounds on file: $53M

Revenue

No citable revenue figure on file.

Secondary venues

  • Caplightpublic page seen Oct 15, 2026

    No price on the public page.

    Listed as Anello Photonics, under the slug anello. No public MarketPrice. Historical pricing is behind a login.

A venue is listed when its public page named the company on the date shown. A price is the figure that page showed, under the venue’s own name for it and dated as the venue dated it; it is a level the venue publishes, not a trade. Nothing is recorded from behind a login.

Reads

Tracked only. No read has been prepared for this company; the figures above are the record.

Sources

Researched Oct 15, 2026