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Rockley Photonics

PhotonicsUK
💀 Dead / Bankrupt
Peak $1.2 BillionToday
~-100%
from peak
  1. 🦄
    Became a unicorn
    2021
  2. 📈
    Peak valuation
    $1.2 Billion ’21
  3. 💔
    Became a Unitard
    2023
  4. 💸
    Last valuation
    ~$0
Current status
Bankrupt 2023

How it happened

Rockley Photonics was a UK silicon-photonics company known for biosensing technology and ties to Apple, going public via SPAC in 2021 near a $1.2B valuation. Loss of a key customer and financing pressures led to a sharp decline, and the company filed for Chapter 11 bankruptcy in 2023, wiping out nearly all equity value.

Source: Crunchbase