Raydiance Receives $6M in Financing
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
LATEST NEWS
- 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
- One-Step Hologram Generation Speeds 3D Display Creation
Apr 24, 2024
- Innovation Award Winners for Laser Technology Honored in Aachen
Apr 23, 2024
- Intech 2024: AI Arrives on the Shop Floor
Apr 22, 2024