Complete List of All AI Companies Under $2 Billion Market Cap

25. POET Technologies Inc. (NASDAQ:POET)

Market Capitalization: $381.4 Million

Number of Hedge Fund Holders: 5

POET Technologies Inc. (NASDAQ:POET) focuses on advanced chip-scale photonic solutions, particularly for AI networks and hyperscale data centers. Its key innovation is the POET Optical Interposer, a platform that integrates electronic and photonic devices at the wafer level, offering advantages such as lower costs, energy efficiency, and miniaturization. The technology is pivotal for optical engines used in AI clusters, enabling scalable, high-performance data communication. POET is developing optical engines that can scale from 400G to 3.2T, positioning itself as a leader in the future of AI and data center communications, with strong industry partnerships validating its approach.

In October 2024, POET Technologies (NASDAQ:POET) was awarded the “Best in Artificial Intelligence” title at the 2024 Global Tech Awards, held on October 14. This recognition was the third major accolade the company has received in 2024, following the AI Breakthrough Award for “Best Optical AI Solution” and the Gold Prize for “AI Innovator of the Year.” POET was chosen for its innovative approach to advancing AI networks and hyperscale data centers.

In December 2024, POET completed the acquisition of 100% control of Super Photonics Integrated Circuit Xiamen Co., Ltd. (SPX) by acquiring the remaining minority equity interests from Quanzhou San’an Optical Communication Technology Co., Ltd. The acquisition adds to POET’s production capacity for optical engines, which are vital for AI clusters, through agreements with Globetronics Manufacturing in Malaysia. The acquisition includes a $6.5 million purchase of Sanan’s equity, with payments over five years, and the acquisition of $3.8 million in production equipment. POET also plans to rename SPX to reflect its status as a subsidiary.