Synova manufactures laser cutting equipment based on its patent-protected water jet guided Laser MicroJet (LMJ) technology. The company is based in Ecublens near Lausanne, Switzerland, and was founded in 1997; Dr. Bernold Richerzhagen is CEO. Synova will work with De Beers to develop an automated cutting and shaping solution with LMJ at its core. The new partnership underlines Synova’s commitment to the diamond industry and is expected to provide solid ground for its other core business units in semiconductors and metal machining. Synova received a minority equity investment from De Beers, which acquired a 33.4% stake; the transaction amount was not disclosed. The company presently has 75 employees, including 35 engineers focused on research of revolutionary material cutting processes, new applications and laser cutting equipment. Synova develops and manufactures industrial Laser MicroJet machines and modules that combine laser power with water for high-precision micromachining and dicing. The company exploits the synergy of laser and water to enable new possibilities and reduce total cost in precision application fields. Synova is led by Founder, Chairman and CEO Dr. Bernold Richerzhagen and was founded in 1997. It is based in Ecublens, Switzerland. The company intends to use the funding to grow abroad, expand sales efforts and continue product development. The article notes the company commercializes its Laser MicroJet technology across a broad range of applications.

Total raised

$22M

Funding rounds

2

Latest round

Equity

Latest activity

Oct 2011