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ESI Leads $15M Axsun Round

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BILLERICA, Mass., Nov. 9, 2006 -- Axsun Technologies Inc., a Billerica, Mass., maker of microelectromechanical systems (MEMS)-based micro-optoelectronic spectral engines, announced this week it has closed a $15 million funding round. Electro Scientific Industries Inc. (ESI), a Portland, Ore., supplier of production laser systems for microengineering applications, led the Series D financing, joined by current investors Prism Venture Partners, Vantage Point Venture Partners and Stata Venture Partners, and other private investors. In addition to the funding, Axsun announced a strategic argeement with ESI to explore and...Read full article

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    Published: November 2006
    Glossary
    microelectromechanical systems
    Refers to micron-size complex machines that have physical dimensions suitable for the fabrication of optical switches for use in state-of-the-art communications networks.
    nano
    An SI prefix meaning one billionth (10-9). Nano can also be used to indicate the study of atoms, molecules and other structures and particles on the nanometer scale. Nano-optics (also referred to as nanophotonics), for example, is the study of how light and light-matter interactions behave on the nanometer scale. See nanophotonics.
    photonics
    The technology of generating and harnessing light and other forms of radiant energy whose quantum unit is the photon. The science includes light emission, transmission, deflection, amplification and detection by optical components and instruments, lasers and other light sources, fiber optics, electro-optical instrumentation, related hardware and electronics, and sophisticated systems. The range of applications of photonics extends from energy generation to detection to communications and...
    Axsun TechnologiesCommunicationsdefenseElectro Scientific IndustriesESIindustrialMEMSmicro-optoelectronic spectral enginesmicroelectromechanical systemsnanoNews & FeaturesphotonicsSensors & Detectorsspectroscopy

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