Chinese Academy of Sciences has taken part in a series B round for Suzhou Everbright Photonics, which manufactures high power lasers.

China-based semiconductor laser developer Suzhou Everbright Photonics has raised $22m in a series B round that featured an unnamed venture capital fund managed by Chinese Academy of Sciences, China Money Network reported on Friday.

The round also featured government-owned investment holding firm SDIC Venture Capital and Suzhou Chengxin Venture Capital.

Founded in 2012, Everbright Photonics develops high power diode lasers for a wide range of sectors – beauty, medical, graphics, science and industrial.

The money will allow the company to…