Tuesday, August 14, 2012

Raydiance Raises $20M

Petaluma-based Radiance, a developer of femtosecond laser technology, has raised $20M in a growth round, the firm said today. The round was led by Samsung Venture Investment Corporation. Other investors in the round included Draper Fisher Jurvetson, DFJ Growth Fund and Greenstreet Partners. Raydiance said the new fund will go towards its consumer electronics efforts and manufacturing. Raydiance develops lasers used for the medical, industrial and consumer markets. More information »