Raydiance raises growth financing to push ultrafast laser tech

Aug. 14, 2012
The $20 million infusion led by Samsung's investment arm will help Raydiance ramp manufacturing for its ultrafast laser technologies and push into consumer electronics.

Petaluma, CA -- Raydiance Inc. has completed a $20 million growth financing, led by Samsung Venture Investment Corp., the investment arm of consumer technology giant Samsung Group. 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.

Raydiance has integrated photonic, computing and software technologies to create commercial-grade ultrafast laser solutions. Raydiance's solutions are in production today in the medical, industrial, and consumer markets.

"Raydiance offers innovative, disruptive capabilities for manufacturing precise geometries in any material made possible by our femtosecond laser light source," said Raydiance president and CEO Dick Pierce. "The precision and economics possible with Raydiance solutions continue to grab market attention. We're discovering new possibilities every day."

"The demand for smaller, smarter devices continues to grow," said Jay Chong, investment director at Samsung Ventures. "Raydiance solutions have the potential to significantly improve existing manufacturing processes and to enable exciting new products. We are investing in Raydiance to ensure that these solutions are available for a variety of high volume manufacturing applications."

Samsung's co-investors for this financing include existing Raydiance investors Draper Fisher Jurvetson, DFJ-Growth, and Greenstreet Partners.

(Image via Shutterstock)

Sponsored Recommendations

Next generation tunable infrared lasers

Nov. 28, 2023
Discussion of more powerful and stable quantum cascade tunable infrared lasers, applications, and test results.

What AI demands mean for data centers

Nov. 28, 2023
The 2023 Photonics-Enabled Cloud Computing Summit assembled by Optica took an aggressive approach to calling out the limitations of today’s current technologies.

SLP feature for lighting control available on cameras offering

Nov. 28, 2023
A proprietary structured light projector (SLP) feature is now available on the company’s camera series, including the ace 2, boost R, ace U, and ace L.

Chroma Customer Spotlight - Dr. David Warshaw, About his Lab

Nov. 27, 2023
David Warshaw, Professor and Chair of Molecular Physiology and Biophysics at the University of Vermont (UVM), walks us through his lab. Learn about his lab’s work with the protein...

Voice your opinion!

To join the conversation, and become an exclusive member of Laser Focus World, create an account today!