Raydiance Completes $20M Growth Financing

Raydiance, Inc., develops and produces precision manufacturing solutions enabled by femtosecond laser technology, has completed a $20m growth financing.

The round was led by Samsung Venture Investment Corporation, the investment arm of Samsung Group, with participation from existing investors Draper Fisher Jurvetson, DFJ-Growth and Greenstreet Partners.

The company intends to use the new funds to accelerate its consumer electronics efforts and to ramp up manufacturing to meet the demand for its medical device, automotive, and other manufacturing customers.

Led by Raydiance president and CEO Dick Pierce, Raydiance has integrated photonic, computing and software technologies to create commercial-grade ultrafast laser solutions in production today in the medical, industrial and consumer markets.



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