<p>Phlux Technology, a Sheffield-based infrared sensor specialist, has successfully raised a $11.7 million Series A funding round, led by BGF and supported by existing investors including Octopus Ventures, Northern Gritstone, and Foresight. The funds will be used to expand into optical communications and sensing industries, leveraging Phlux's antimonide-based semiconductor technology. This technology aims to provide faster, more energy-efficient sensor and connectivity systems, with potential data rate improvements of up to 5x over current systems. The company also plans to scale its team, increase production, and launch two new product lines. Phlux's sensors are expected to play a critical role in advanced sensing technologies across various industries.</p>