Intel lasers in on KMLabs

Kapteyn-Murnane Laboratories (KMLabs), a spinout of Colorado University developing industrial lasers, has secured $5.5m in its series A.

The round was backed by Intel’s corporate venturing unit Intel Capital with participation from local investor Colorado Impact Fund. Despite being founded in 1994, this is the first venturing round for the Boulder-based company.

The round will be used to expand KMLabs’ high performance laser manufacturing capabilities and accelerate product development, which will be used in both scientific and commercial applications.

In a statement, KMLabs said: “The company is working to put state-of-the-art ultrafast research tools into the hands of leading scientists worldwide and has gained the attention of system manufacturers in several industries who hope to partner with the company to commercialize their next-generation technologies. This investment will enable the business to begin expansion into one or more attractive commercial markets.”