GLOphotonics welcomes new investors
GLOphotonics closed a Series A funding round, co-invested by the global operating high-tech companies DMG Mori Seiki Co and TRUMPF Lasertechnik GmbH + Co. KG.
DMG Mori is a world leader in high-end precision machines and automation systems, based in Nagoya, Japan. TRUMPF is a world leader in manufacturing solutions in the fields of machine tools and laser technology, based in Ditzingen, Germany.
Following the investment, DMG Mori and TRUMPF strengthen the company’s capital structure around the GLOphotonics founder who remains the major shareholder. This investment will contribute to allow GLOphotonics to enter a new phase, recruit new talents, complete a state-of-the-art production facility and address industrial markets. Particularly, GLO remains committed to provide all existing and future customers and partners with a strong technology differentiator in their respective field.
“We are thrilled that two recognized industrial leaders with deep roots into research, development and engineering, and unparalleled commercial success with demanding customers on all continents, have endorsed our technology and our team to accomplish an ambitious plan”, said Fetah Benabid, founder of GLOphotonics.
Andreas Popp (TRUMPF’s representative in GLOs Supervisory Board) said: “GLOphotonics is an innovative high-tech company with great expertise in hollow-core fiber technology. With our investment we want to support the further development of this promising technology and help to bring it to industrial maturity.”
"The acquisition of minority stake in GLO by DMG MORI will accelerate the ongoing joint research and development project by the two companies. Moreover, they will expand the area of application of this technology from micro precision processing after mechanical machining to create additional or higher surface quality, or to processing large components by femto-second laser." Said Masahiro Yanagihara (DMG-MORI’s representative in GLOs Supervisory Board).
Eric Mottay, CEO of Amplitude, said: “Amplitude, a long-time strategic investor in GLOphotonics, is pleased to welcome new partners in the company. Fiber delivery of ultrafast lasers has the potential to significantly reshape the ultrafast laser micro-processing landscape. I believe in the power of collaboration in the Photonics industry, and I am looking forward to working with our new partners to further advance this promising technology.”
In an interview to the PhotonicsViews magazine, GLOphotonics founder and NE-CTO/CSO Fetah Benabid discusses GLO history and vision.
Link to the interview here https://onlinelibrary.wiley.com/doi/epdf/10.1002/phvs.201970307
Link to the magazine website: https://www.photonicsviews.com/