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November 18, 2011

Laser Maker Secures $10M Round

TeraDiode, a Littleton-based manufacturer of high-power lasers, has closed on a $10 million round of venture funding, the company announced this morning.

The money will help the company commercialize a laser pioneered by its co-founders, Dr. Bien Chann and Dr. Robin Huang, when they were at the Massachusetts Institute of Technology.

The discovery makes ultra high brightness, high-power direct diode lasers possible for the first time, according to TeraDiode. The lasers would be used for industrial and defense purposes.

The financing round was led by Argonaut Ventures I LLC and includes Camros Capital LLC and Stata Venture Partners, which invested $4 million in TeraDiode in 2009.

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