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April 11, 2006
Vertilas' Infra Red Laser Chips Continue to Appeal To Investors
Vertilas has raised $4.4M from existing investors, plus one new one, the KfW Mittelstandsbank. The company, founded in 2001, as a spinoff of the Schottky Institute, raised $4.5M in two earlier rounds.
The deal was actually announced over a week ago, but we picked it up now after it got covered in Compund Semiconductor.
Vertilas is a manufacturer of infrared VCSELS (picture here) used in sensor and optical network gear. It told the a:c euro back in 2004 that its edge is that its lasers don't overheat and they can be mass-produced.
The next milestone to watch for is some design-in wins so that it can prove its mass-market production abilities.
VCSELs are disruptive to existing laser components, but even after several years in the market they have been slow to find mass markets. A Swiss manufacturer of VCSELs, Avalon Photonics, was recently acquired but the price paid was not spectacular, as it had not managed to penetrate high volume markets.
Read - Vertilas funding (press release)
Read - VCSEL specialist adds $4.4 million to venture fund (Compound Semi)
Posted on April 11, 2006 06:11 AM | Posted to Venture Capital | Permalink
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