Daylight Solutions Closes $15M Series C Equity Financing

Daylight Solutions, Inc., a San Diego, CA-based company that develops molecular detection and imaging systems for use in industrial process controls, scientific research, medical diagnostics, environmental monitoring, and defense applications, has closed a $15m Series C equity financing.

The round was led by Northrop Grumman Corporation (NYSE:NOC) with participation from existing investors.

The company intends to use the new capital to further advancing its technology, expanding its product offering and manufacturing infrastructure.

Led by Chairman and CEO Dr. Timothy Day, Daylight Solutions has developed a wide range of products for scientific research, defense, and commercial markets based on its Quantum Cascade Laser (QCL) technology. In particular, its subsidiary Daylight Defense, LLC, manufactures high power mid-infrared laser based systems for defense and homeland security applications. The company provides mid-wave (MWIR) and long-wave (LWIR) thermal laser pointers, sensors for stand-off detection of explosives and chemical agents, and high power illuminators for infrared countermeasures, thermal imaging and aiming.



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