Raydiance Receives $6M in Financing
FARMINGTON, Conn., and PETALUMA, Calif., Feb. 13, 2013 — Femtosecond laser technology provider Raydiance Inc. has received a $6 million venture loan from Horizon Technology Finance Corp. The proceeds will be used to support Raydiance’s continued growth.
Horizon Technology Finance provides secured loans to venture capital and private equity backed development-stage companies in the technology, life science, health care information and services, and clean-tech industries.
Raydiance recently developed an ultrafast laser technology platform for high-volume production applications that helps to improve existing manufacturing processes and to enable new advanced products.
“We will utilize this growth capital to ramp production and meet the strong demand for our precision manufacturing solutions,” said Raydiance chief operating officer and chief financial officer William R. Beyer.
For more information, visit: www.raydiance.com