# Anello Photonics funding: rounds and investors > Anello Photonics has raised $45M across 2 rounds since 2026. Investors include National Science Foundation, Mana Ventures and In-Q-Tel. Source: https://millionrounds.com/company/anello-photonics (Millionrounds; every figure on the page links to its filing or article) United States · [Series B startup](https://millionrounds.com/companies) # Who invested in *Anello Photonics* 2 rounds we have observed, with the 5 investors named in them. Every figure came from a named source, and where the company reported a raise to the SEC itself, that is shown beside it. Aerospace & Space Raised 6 months ago Funding summary Updated 26 Oct 2026 **$45M** raised across 2 rounds since 2026, from 2 sources **$20M** Grant **$25M** Series B - **Latest round:** Series B, $25M May 2026 - **Step-up i:** 1.3× - **Investors:** 5 See who backed them ## The funding story Each circle is a round, placed by date and sized by amount. The line above is the running total. 2026 2027 **$20M** Grant **$25M** Series B - **First round:** Grant, $20M - **Biggest round:** $25M - **Between rounds:** 4 months ## The rounds - **May 2026** Series B **$25M** *1 new* *2 returning* [National Science Foundation](https://millionrounds.com/fund/nsf-small-business-innovation-research-small-business-techno) [Mana Ventures](https://millionrounds.com/fund/mana-ventures) [Washington Harbour Partners Lp](https://millionrounds.com/fund/washington-harbour-partners-lp) Source recorded - **Jan 2026** Grant **$20M** *4 new* [National Science Foundation](https://millionrounds.com/fund/nsf-small-business-innovation-research-small-business-techno) [In-Q-Tel](https://millionrounds.com/fund/iqt) [Mana Ventures](https://millionrounds.com/fund/mana-ventures) [HCVC](https://millionrounds.com/fund/hcvc) Source recorded ## Founders and team From Anello Photonics's own website: 6 on the team. - **Mario Paniccia** Chief Executive Officer - **Kevin Sullivan** Chief Operating Officer - **Dragan Pavlovic** VP Npi Engineering - **Gerhard Boiciuc** VP Bd And Marketing - **Kirstin Schauble** VP Systems Engineering - **Tony Rios** VP Navigation Engineering ## Who was in which round The busiest backers across the latest rounds. A filled square is a round they joined; a dark one, a round they led. **Grant** 2026 **Series B** 2026 [National Science Foundation](https://millionrounds.com/fund/nsf-small-business-innovation-research-small-business-techno) [Mana Ventures](https://millionrounds.com/fund/mana-ventures) [In-Q-Tel](https://millionrounds.com/fund/iqt) [Washington Harbour Partners Lp](https://millionrounds.com/fund/washington-harbour-partners-lp) [HCVC](https://millionrounds.com/fund/hcvc) ## Everyone who backed them [National Science Foundation](https://millionrounds.com/fund/nsf-small-business-innovation-research-small-business-techno) Government **2** rounds [Mana Ventures](https://millionrounds.com/fund/mana-ventures) VC firm **2** rounds [In-Q-Tel](https://millionrounds.com/fund/iqt) Accelerator **1** round [Washington Harbour Partners Lp](https://millionrounds.com/fund/washington-harbour-partners-lp) Private equity **1** round [HCVC](https://millionrounds.com/fund/hcvc) VC firm **1** round Missing a round, or an investor who was in one? [Tell us](https://millionrounds.com/corrections?slug=anello-photonics). ## Also claim to have backed them These 2 firms list Anello Photonics as a portfolio company on their own websites, but no report of a round names them. They are the firms' own claims, kept apart from the rounds above. [The Hardware Club](https://millionrounds.com/fund/hardware-club-3) VC firm Per its own site [Purdue Ventures](https://millionrounds.com/fund/purdue-ventures) VC firm Per its own site ## Quick answers about Anello Photonics ### Who invested in Anello Photonics? Anello Photonics's investors include National Science Foundation, Mana Ventures, In-Q-Tel, Washington Harbour Partners Lp and HCVC. ### How much has Anello Photonics raised? Anello Photonics has raised $45M across 2 rounds since 2026. ### When did Anello Photonics last raise? Anello Photonics's most recent round was a Series B of $25M in May 2026. ### What was Anello Photonics's biggest round? Its most recent round, $25M in May 2026, is also its largest on record. ### Who backed Anello Photonics first? Anello Photonics's first round on record, in Jan 2026, was backed by National Science Foundation, In-Q-Tel and Mana Ventures and 1 others. ### What stage is Anello Photonics at? Anello Photonics's latest named round is a Series B, in May 2026. ### Where is Anello Photonics based? Anello Photonics is based in the United States. ## Companies like Anello Photonics In the same sector, and raised in the last eighteen months. 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