Innolume raises $13.4M for quantum-dot lasers
Innolume, a diode laser manufacturer co-based in Santa Clara, Calif. and Dortmund, Germany, has raised $13.4 million (€8.6 million euros) in its third round of funding.
The company makes lasers that can operate in a wavelength unattainable by other lasers, useful for applications in manufacturing, telecommunications and medicine.
S-Group Capital Management led the round, and was joined by Applied Ventures, NRW.BANK and Peppermint Financial Partners.
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About the Author, Chris Morrison
Chris Morrison writes about cleantech and environmental issues for VentureBeat, with occasional forays into gaming and semantic technology. He got his start writing about tech for Business 2.0 magazine, but quickly realized new media was the ticket when that institution closed its doors in 2007. Chris has also covered public equities and regulatory issues. He originally hails from southern Virginia, graduated from Evergreen State College in Washington, and now lives in San Francisco.