Vancouver, WA--nLIGHT Corporation, manufacturer of high-power semiconductor lasers, received $17.5 million in fully subscribed Series E financing, bringing the company’s total equity funding to approximately $110 million. This latest investment will support nLIGHT’s semiconductor-based laser technologies for applications in materials processing, defense, and medical applications. Such products include multi-kilowatt laser systems, high peak-power pulsed fiber lasers, and diode-pumped solid-state (DPSS) laser rangefinders.
"We founded nLIGHT with the vision that dramatic improvements in semiconductor lasers would transform the laser industry and enable disruptive new applications," said Scott Keeney, CEO. "This funding will allow us to continue to fulfill this vision and support our accelerating growth."
nLIGHT has seen more than $60 million in order bookings for the first half of 2011, the addition of more than one hundred employees in the last year, and the successful launch of the nPower multi-kilowatt laser platform.
Existing investors participating in the round include Oak Investment Partners, Mohr Davidow Ventures, and Menlo Ventures. All have been actively involved with the company for over ten years and have a strong record of companies achieving initial public offerings.
SOURCE: nLight; www.nlight.net/news/releases/105~nLIGHT-Raises-175-Million-Investment-to-Accelerate-Growth
Subscribe now to Laser Focus World magazine; It’s free!
Gail Overton | Senior Editor (2004-2020)
Gail has more than 30 years of engineering, marketing, product management, and editorial experience in the photonics and optical communications industry. Before joining the staff at Laser Focus World in 2004, she held many product management and product marketing roles in the fiber-optics industry, most notably at Hughes (El Segundo, CA), GTE Labs (Waltham, MA), Corning (Corning, NY), Photon Kinetics (Beaverton, OR), and Newport Corporation (Irvine, CA). During her marketing career, Gail published articles in WDM Solutions and Sensors magazine and traveled internationally to conduct product and sales training. Gail received her BS degree in physics, with an emphasis in optics, from San Diego State University in San Diego, CA in May 1986.