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Daylight Solutions Closes $15M Funding Round

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SAN DIEGO, July 18, 2011 — Daylight Solutions Inc. has announced the close of a $15 million Series C equity financing round with Northrop Grumman Corp., the lead investor, together with several of the company’s existing investors. “The Series C financing will allow us to serve all of our customers with a family of QCL-based [quantum cascade laser] products based on a modular, open source, core technology platform, meeting the requirements of the most demanding environments in defense as well as commercial markets,” said Dr. Timothy Day, chairman and CEO of Daylight Solutions. “Our...Read full article

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    Published: July 2011
    Glossary
    quantum cascade laser
    A quantum cascade laser (QCL) is a type of semiconductor laser that operates based on the principles of quantum mechanics. It is a versatile and powerful device used for emitting coherent light in the mid-infrared to terahertz range of the electromagnetic spectrum. Quantum cascade lasers were first proposed by Federico Capasso, Jerome Faist, Deborah Sivco, Carlo Sirtori, Albert Hutchinson, and Alfred Cho in 1994. Key features and principles of quantum cascade lasers: Quantum cascade...
    AmericasBusinessCaliforniaDaylight SolutionsdefenseImagingimaging applicationsindustriallong-wave infrared illuminationmid-wave infrared illuminationmolecular detectionNorthrop GrummanQCL technologyquantum cascade laserscientific researchSeries C equity financingTimothy DayLasers

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