Nuburu, a Centennial, CO-based high power blue laser technology company, raised $20m in Series B funding.
The round, which was co-led by Anzu Partners, an industrial technology investment firm, and by Thomas Wilson, chair, president and chief executive officer of The Allstate Corporation, brings NUBURU’s total funding to nearly $50m. Wilson, along with Ron Nicol, former senior partner and managing director of the Boston Consulting Group (BCG), will join Anzu managing partners David Michael and David Seldin on the NUBURU board of directors.
The company intends to use the funds to accelerate development of its high brightness AI™ Series industrial product line and to expand its presence in the energy storage, e-mobility and 3D printing markets.
Led by CEO Dr. Guy Gilliland and CFO Chris Baldwin, Nuburu provides blue lasers that gives speed and quality control for metal processing operations, such as welding and additive manufacturing in a variety of growing industries like e-mobility and automotive, where materials such as copper, stainless steel and aluminum are critical.