Raydiance Receives $20,000,000 New Funding

  • Feed Type
  • Date
    8/14/2012
  • Company Name
    Raydiance
  • Mailing Address
    2199 S. McDowell Blvd Petaluma, CA 94954
  • Company Description
    UltraShort Pulse lasers have compelling capabilities that can deliver major benefits to hundreds of lucrative markets. The problem is that that technology is impractical. It’s too expensive. It requires highly trained Ph.D.’s to operate. And while scientists in research labs have shown how USP photonics can revolutionize important applications, today’s USP systems don’t have the throughput they need for most real world applications.
  • Website
    http://www.raydiance-inc.com
  • Transaction Type
    Venture Equity
  • Transaction Amount
    $20,000,000
  • Transaction Round
    Undisclosed
  • Proceeds Purposes
    Raydiance says the new funds will be used to accelerate its consumer electronics efforts and to ramp up manufacturing to meet the demand for the company’s medical device, automotive, and other manufacturing customers.
  • M&A Terms
  • Venture Investor
    Samsung Ventures
  • Venture Investor
    Draper Fisher Jurvetson
  • Venture Investor
    GRP Partners

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