Northstar Photonics Raises $11 Million
MINNEAPOLIS, Oct. 5 -- Northstar Photonics Inc. has closed $11 million in new financing with St. Paul Venture Capital as the lead investor. This funding will allow Northstar to complete development and to commercialize its new products based on proprietary rare-earth-doped planar waveguide technologies.
St. Paul Venture Capital, one of the largest early-stage venture capital firms in the United States, led the series B round with an investment of $6 million. All first-round investors including CIT Venture Capital, InnoCal Venture Capital and two strategic partners also participated. The company had previously raised $10 million and it is anticipated that the company will add up to $5 million in additional funding in this current financing series.
LATEST NEWS
- CLEO Heads to the East Coast
Apr 29, 2024
- Laser-Based Gas Analyzer Developed to Detect Air Pollution
Apr 29, 2024
- Qubits Could be Stored in Flash-Like Memory
Apr 29, 2024
- Exail Signs LLNL Contract, Partners with Eelume
Apr 26, 2024
- Menlo Moves U.S. HQ: Week in Brief: 4/26/2024
Apr 26, 2024
- Optofluidics Platform Keys Label-, Amplification-Free Rapid Diagnostic Tool
Apr 25, 2024
- DUV Lasers Made with Nonlinear Crystals Enhance Lithography Performance
Apr 25, 2024
- Teledyne e2v, Airy3D Collaborate on 3D Vision Solutions
Apr 24, 2024