Raydiance develops and produces precision manufacturing solutions enabled by femtosecond laser technology. Its offerings include ready-to-integrate hardware and software packages designed for demanding, high-precision manufacturing challenges. The company serves medical, automotive, industrial, and consumer electronics markets. Raydiance says its technology delivers dramatic product improvements and lower manufacturing costs for customers. The company announced a $6 million venture loan facility to support continued growth. Raydiance intends to use the proceeds to ramp production and meet strong demand for its precision manufacturing solutions. Raydiance develops commercial-grade ultrafast femtosecond laser precision solutions used to cut and process very small, detailed components across medical, automotive and other industries. The company bundles lasers into ready-to-integrate, validated factory-proven tools intended to save time and money for manufacturers. Its solutions are already in production in medical, industrial and consumer markets. Raydiance was founded by people from the defense industry and says it is the only company to have created commercial-grade ultrafast laser solutions. The current growth round will be used to expand the business into consumer electronics (such as phones) and to build out its existing medical and automotive customers. The technology's small form factor and intelligent control target high-volume manufacturing applications.

Total raised

$26M

Funding rounds

2

Latest round

Debt Financing

Latest activity

Feb 2013