Tech Company Financing Transactions
xLight Funding Round
xLight, based in Palo Alto, secured $40 million in investment from Boardman Bay Capital Management, Playground Global and Morpheus Ventures.
Transaction Overview
Company Name
Announced On
7/22/2025
Transaction Type
Venture Equity
Amount
$40,000,000
Round
Series B
Investors
Proceeds Purpose
The company intends to use the funds to develop extreme-ultraviolet (EUV) free electron lasers (FEL).
Company Information
Company Status
Private & Independent
Industry
Manufacturing
Mailing Address
380 Portage Ave
Palo Alto, CA 94306
USA
Palo Alto, CA 94306
USA
Phone
Undisclosed
Website
Email Address
Overview
We're on a mission to build and deploy particle accelerator driven Free Electron Lasers (FEL) for critical U.S. economic and national security applications. xLight is building the world's most powerful Free Electron Lasers (FELs) to replace LPP and revolutionize advanced semiconductor manufacturing. xLight's system will enhance the current technology roadmap, transform existing semiconductor fab capabilities, and enable next generation chip production -- all while reducing capital and operating expenses.
Profile
Social Media
Company News
Facebook
YouTube
Management Team
Title
Name
Email & Social
Chief Executive Officer
Nicholas Kelez
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