Everbright Photonics lasers in on series C

Jun 30, 2020 • Callum Cyrus

Up Optotech-backed laser-diode chip foundry Everbright Photonics secured $21.2m in a round led by brokerage Huatai Securities.

Everbright Photonics, a China-based laser-diode chip maker backed by photoelectronic instruments producer Up Optotech, has closed an RMB150m ($21.2m) series C round, China Money Network has reported.

The round was led by securities brokerage Huatai Securities and included Nanjing Daofeng Investment and SDIC (Ningbo) Technology Achievement Transfer Venture Investment Fund, a vehicle for state-owned investment holding group State Development and Investment Corp.

Founded in 2012, Everbright is developing high-power laser diodes and semiconductors for optical-driven applications in areas such as…

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