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https://en.wikipedia.org/wiki/Nonlinear_optics

Very real stuff (I have a PhD on this)

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This is the second sentence:

> Nonlinear phenomena become relevant only when the input light is very intense. Typically, in order to observe nonlinear phenomena, an intensity of the electromagnetic field of light larger than 108 V/m (and thus comparable to the atomic electric field of ~1011 V/m) is required.

I don’t know anything about this field. Can you address this point? How close are we to overcoming this in academia?

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10^8 V/m, yeah that is quite a lot, 100V per micron or 1MV/cm. Even if it works it's going to have reliability issues, especially since the structures are not going to be perfect.
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ignore the sibling comment by amelius

for a laser the intensity in the wavelength / frequency domain is very high, because it is coherent radiation

it just means you can use a (low power) laser to produce nonlinear optical effects.

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At milliwatt power, and terahertz frequency?
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I guess it's a theoretical limit as in the material can change properties that fast given a fast light signal.
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I mean, researchers have been trying for years, what is different now?
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Yes; this material is called "snake oil".
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Let's see if the investors bite.
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Theranos demonstrated that they'll bite at anything.
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I wouldn't infer much from that. Investors are in the business of taking risks and making gambles.

Also "FooCo raises $X zillion round" doesn't mean they got $X zillion deposited into their bank account. There are always several milestones along the way to unlock each tranche. But the press releases never mention that.

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