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funding News
Luna Innovations Awarded $4M in Nanotech Contracts
ROANOKE, Va., Jan. 22, 2007 -- Luna Innovations Inc., a developer of molecular technology and sensing solutions, has been awarded $4 million in US Air Force contracts for continued research and development of nanotechnology-enabled products, the company announced today. The $4 million includes a $2.3 million subcontract from General Dynamics Information Technology Inc. (formerly Anteon Corp.) and a $1.7 million contract from the US Air Force Office of Scientific Research (AFOSR). Both contracts will be performed over the...
LBO Secures $1M in Funding, Signs Licensing Agreement
Jan 2, 2007 — Light Blue Optics (LBO) of Cambridge, England, a developer of miniature laser projection technology, announced the closing of a $1 million extension to its seed funding round. Venture capital firm 3i plc led the round, which also included investment...
Phoseon Technology Secures $1.3M in Funding
Sep 15, 2006 — Phoseon Technology announced that it has closed a convertible note in excess of $1.3 million, bringing the total amount of funding raised to date to $9.2 million. The financing round closed Aug. 31, and included all of the existing venture...
Intel Sells Optical Components Biz for $115M
SANTA CLARA, Calif., Sept. 12, 2006 -- Intel Corp. announced yesterday it has sold its optical network components business to Cortina Systems Inc. for approximately $115 million. The transaction closed on Friday after completing regulatory review. The sale comes a week after Intel...
Kailight Photonics Funding Round Raises $4.5M for TASR Line
Jan 18, 2006 — DALLAS, Jan. 18, 2006 -- Kailight Photonics Inc., a developer of optical modules for the global telecommunications industry, announced today the first closing of its Series B funding round with an investment of $4.5 million, bringing the company’s...
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