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News
26 January 2009
nLight raises $10.7m for integrated laser module product development
High-power diode laser manufacturer nLight Corp of Vancouver, WA, USA has received $10.7m in the first closing of a new round of equity financing. Continued investment came from existing venture investors Oak Investment Partners, Mohr Davidow Ventures and Menlo Ventures.
nLight says that it will use the new growth capital to drive continued product development of integrated laser modules and to increase sales in its core industrial, defense, and medical markets.
“Despite the worldwide downturn, we finished 2008 with record bookings,” says nLight's CEO Scott Keeney. “We see multiple opportunities for continued strong growth as our industry continues to consolidate and high-power semiconductor lasers continue to expand in new applications,” he adds.
See related items:
nLight buys stake in Optotools
nLight acquires fiber maker Liekki
nLight acquires Flextronics Photonics for high-volume integration
Search: nLight Diode laser
Visit: www.nlightphotonics.com
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