Laser module maker raises $6.6 million

Jan. 13, 2006
January 13--Lumics GmbH said it has raised about $6.6 million to increase production capacity, develop laser diode technology, and expand sales internationally.

January 13--Lumics GmbH, a manufacturer of laser modules said it has raised about $6.6 million so that it can increase production capacity, develop laser diode technology, and expand sales internationally.

The finance round was led by a consortium of investors, including Falk Strascheg Holding GmbH, eCapital Technologies Fonds II GmbH & Co. KG, MAZ Seed Invest GmbH, and VC Fonds Berlin GmbH. The new shareholders joined first round investor Earlybird who co-invested in this financing round.

Lumics (Berlin, Germany) claimed it is reducing the operating costs associated with the deployment of high-power diode lasers due to a patented manufacturing process for the creation of highly reliable components.

"This round of funding marks a major milestone for Lumics as we experience an impressive success rate in a market poised for a rising growth and demand," said Karl Eberl, chief executive officer of Lumics, in a statement.

Source: EETimes Online; CMP Media LLC.

Sponsored Recommendations

March 31, 2025
Enhance your remote sensing capabilities with Chroma's precision-engineered optical filters, designed for applications such as environmental monitoring, geospatial mapping, and...
March 31, 2025
Designed for compatibility with a wide range of systems, Chroma's UV filters are engineered to feature high transmission, superior out-of-band blocking, steep edge transitions...
March 31, 2025
Discover strategies to balance component performance and system design, reducing development time and costs while maximizing efficiency.
March 31, 2025
Filter accessories including cubes, sliders, and rings, designed to enhance the performance and versatility of optical systems. These components ensure precise alignment and stability...

Voice your opinion!

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