In brief: Intense, Alphion and nLight
Alphion raises $10.6 million
Alphion Corporation, the Princeton, NJ, company that is developing photonic integrated circuits based on InP, has raised $10.6 million in its third round of funding.
The latest investment was led by Tallwood Venture Capital, with participation from Goldman Sachs and others. Alphion says that its third funding round remains open, and that it is already in discussions with other investors.
The company's "QLight" technology platform is based on monolithic InP integration and advanced packaging.
Intense lands extra £2.5 million
UK-based laser manufacturer Intense has raised a further £2.5 million ($4.8 million) in venture finance as it looks to scale up production.
Noble Venture Finance, the company that has supplied the extra cash, has an option to purchase shares in the company at a preferential discount of 20-25% as a result.
"We have big plans to build our client base and increase market share over the coming year, particularly in the printing industry," said Intense CEO David Lockwood. "The Noble investment is a crucial part of this strategy."
nLight appoints manufacturing VP
High-power laser manufacturer nLight has appointed Steve Norgaard as VP of manufacturing operations.
Norgaard was previously at Applied Materials, where he served as regional quality director, and before that he was VP of operations at New Focus, which is now owned by Bookham.
