On December 21, 2022, Chromacity, the Edinburgh-based laser pioneer, announced that it had successfully received a £1 million capital injection and appointed two new directors. The firm will focus on further business expansion.
The fresh £1 million investment had been provided by existing investors and led by EOS, Kelvin Capital and Scottish Enterprise, and will be used to invest in the key infrastructure needed to support the firm’s continued progress into industrial markets.
Chromacity manufactures lasers for industrial applications and academic research. It has developed a new generation of “affordable ultrafast lasers that are reliable and simple to use”.
Shahida Imani, CEO of Chromacity, said: “We’re continuing to build on our global reputation for providing high-quality lasers for research in life sciences, but this funding will also support growth opportunities in industrial markets, including semiconductor testing, defense, and environmental sensing.”
While obtaining the financing, Chromacity also announced the appointment of two new directors.
Robert Black, described as an experienced executive and non-executive director in the photonics, IT, and robotics industries, joins the company as non-executive chairman. Black was also the chief executive of the software firm SeeByte, which he successfully grew before exiting in 2013.
He said: “Ultrafast lasers are driving innovation across a wide range of industries. Chromacity is well-positioned to disrupt the sector with its high-performance and low-cost systems. I am delighted to join the board at this important time in the company’s expansion.”
Also joining the Chromacity board is Richard Laming, an academic, founder, executive, and non-executive director of technology businesses spanning optoelectronics, micro-electromechanical systems, and electronics. The new board members join existing investor director Graham Miller, who leads sales development at Agilent Technologies’ molecular spectroscopy division.
Chromacity was founded by Dr. Christopher Leburn and Dr. Carl Farrell, who commercialized academic research excellence, from Heriot-Watt University, to form the Edinburgh-based laser manufacturer in 2013.
Chromacity designs and manufactures a range of high-performance ultra-short pulse lasers for scientific and industrial communities worldwide.
Novel laser architecture, and engineering expertise, position Chromacity to manufacture reliable fixed wavelength femtosecond systems and picosecond optical parametric oscillators (OPO).
Source from ofweek.com