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Developing miniaturized laser technology: This company has secured $5 million in financing

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2023-11-02 15:53:03
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Recently, high-performance laser supplier Skylark Lasers announced that it has raised $5 million in investment to further advance its efforts in miniaturized laser technology.

Skylark Lasers is established at the center of the Scottish Photonics Cluster, focusing on the design and production of compact diode pumped solid-state (C-DPSS) lasers with the purest spectral characteristics, providing high output power from a compact footprint. In recent months, the company has made significant progress by appointing Dr. Ben Szutor as its CEO and receiving investment from Innovate UK.

Par Equity is a well-known technology venture capital and strategic investment company, and this round of investment reflects strong confidence in Skylark Lasers' potential to lead and disrupt their respective markets in quantum implementation and advanced manufacturing. Par Equity's long-term partnership helps Skylark Lasers showcase and deliver key technologies that are crucial to its global customers.

The injection of this new capital will drive Skylark Lasers' expansion plan, enabling the company to meet the growing demand for its laser products.

Skylark NX laser products are designed to replace traditional gas laser systems, providing higher power output through a compact footprint, providing ultra stable and efficient performance, and significantly reducing the total cost of ownership for advanced manufacturing customers.

Skylark Laser will enhance its manufacturing capabilities and double the number of technical personnel, including laser experts and electronic engineers, to serve a potential market of $5 billion. Currently, the company provides compact high-performance lasers for analysis and industrial applications.

Alastair Moore, Senior Investment Manager at Par Equity, expressed his confidence in Skylark Laser, He stated: Skylark Laser is one of the most innovative photon companies in the UK, and through its lasers, it can achieve breakthroughs in a wide range of applications such as semiconductor detection and next-generation quantum navigation systems. Since Par's initial investment, Skylark Laser's technology has continuously developed and developed with market opportunities in its addressable applications, and it is expected to grow at an attractive rate in the coming years. When we talk to customers, as we As a reference, the uniqueness of Skylark Laser laser technology and the excellent service level provided by the team all have consistent characteristics.

Source: OFweek

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