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
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