Raydiance Receives $20,000,000 New Funding
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Feed Type
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Link
http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=4623919b-32de-4d32-97cf-aef03f5f1793&Preview=1 -
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
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Venture Investor
Samsung Ventures -
Venture Investor
Draper Fisher Jurvetson -
Venture Investor
GRP Partners
