xLight has secured $40M in Series B funding to advance the development of revolutionary extreme-ultraviolet free electron lasers for the semiconductor industry.

Target Information

xLight, based in Palo Alto, California, is pioneering the development of the world's most powerful lasers. The company has successfully closed an oversubscribed $40 million Series B equity funding round aimed at accelerating the prototype development of advanced extreme-ultraviolet (EUV) free electron lasers (FEL). These state-of-the-art lasers are set to revolutionize semiconductor manufacturing and have significant implications for key economic and national security applications.

Under the leadership of CEO and CTO Nicholas Kelez, xLight is focused on delivering innovative light sources that address both current industry challenges and future demands. The company has established strategic partnerships with various esteemed national laboratories to enhance its research and development capabilities, thereby strengthening its position in the semiconductor manufacturing landscape.

Industry Overview

The semiconductor manufacturing industry is currently undergoing transformative changes, driven by technological advancements such as artificial intelligence and machine learning that demand more powerful and ef