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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