The Ottawa company specializes in optical interconnects—parts of microchips that transmit data between processors, using lasers to do it faster while consuming less power than traditional wires. With a $2-million contribution from the Ontario government, Ranovus intends to add 125 jobs at its Ottawa manufacturing site. (The Logic)
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The Ottawa company specializes in optical interconnects—parts of microchips that transmit data between processors, using lasers to do it faster while consuming less power than traditional wires. With a $2-million contribution from the Ontario government, Ranovus intends to add 125 jobs at its Ottawa manufacturing site. (The Logic)
Talking point: Ranovus’s hardware is valuable in data centres, where speed and energy efficiency are vital, and the AI boom has been good news for the company. CEO Hamid Arabzadeh, a Nortel alum, co-founded Ranovus in 2012, and more than a decade later it is scaling up quickly. The manufacturing expansion follows a previous $100-million project to develop the new versions of its product, which the federal government backed through the Strategic Innovation Fund in 2023. At the time, Ranovus planned to grow from 88 employees to about 200.
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