# AXSUN Technologies

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/axsun-technologies

- Industry: Semiconductors
- Headquarters: Billerica, US
- Website: www.axsun.com
- Total disclosed funding: $51M
- Latest round: Series D (Nov 9, 2006)
- Investors on record: 9

## About

AXSUN Technologies, LLC specializes in providing advanced photonic solutions tailored for various sectors, including life sciences and industrial applications, with a focus on precision and innovation in their product offerings.AXSUN Technologies, LLC, founded in 1998 in Billerica, US, develops cutting-edge photonic technologies. The company was acquired by Excelitas Technologies Corp. in January 2019, following a deal agreed upon in December 2018. The founder's history is not publicly detailed, and there are no known subsidiaries or significant pivots in its operational strategy. The company has completed a total of 7 deals, with the most recent funding round being an Add-on of USD 21.50 mn led by Volcano Therapeutics, Inc. This round contributed to a total amount raised of USD 15.00 mn.AXSUN Technologies focuses on advanced photonic technologies, offering a diverse range of products for industries such as life sciences, semiconductor manufacturing, and aerospace. Their product line includes LED components, UV curing systems, fluorescence illuminators, and specialized optical assemblies tailored to meet client-specific needs. AXSUN serves a global customer base, addressing critical requirements in precision medicine and automated diagnostics, especially in North America, Europe, and Asia.Revenue for AXSUN Technologies is generated through direct sales of its photonic products to various businesses, primarily operating on a business-to-business (B2B) model. The revenue streams include both standard product sales and customized solutions, which may involve long-term contracts aimed at providing tailored technologies to clients. Key products such as the OmniCure UV curing systems contribute significantly to its revenue, serving specialized applications in medical and industrial markets.With the recent Add-on funding round completed in December 2018, AXSUN Technologies plans to enhance its product offerings and expand into new geographic markets. The investment will support the design and launch of innovative products, though specific product details and timelines are yet to be disclosed. The company aims to enter additional markets in North America and Europe, utilizing the funding to strengthen its positioning and address the evolving needs of its diverse clientele.

## Funding rounds

- Series D, Nov 9, 2006, $15M — Prism Venture Management, VantagePoint Capital, Stata Venture Partners, Electro Scientific Industries
- Series B, Jan 19, 2000, $36M — Prism Venture Management, VantagePoint Capital, Bowman Capital, Bessemer Venture Partners, Goldman Sachs Asset Management, Pivotal Group, Essex Investment Management

## Investors

- Prism Venture Management (https://capitalatlas.ai/funds/prism-venture-management) — Series B, Series D
- VantagePoint Capital (https://capitalatlas.ai/funds/vantagepoint-capital) — Series B, Series D
- Bowman Capital (https://capitalatlas.ai/funds/bowman-capital) — Series B
- Bessemer Venture Partners (https://capitalatlas.ai/funds/bessemer-venture-partners) — Series B
- Goldman Sachs Asset Management (https://capitalatlas.ai/funds/goldman-sachs-asset-management) — Series B
- Pivotal Group (https://capitalatlas.ai/funds/pivotal-group) — Series B
- Essex Investment Management — Series B
- Stata Venture Partners (https://capitalatlas.ai/funds/stata-venture-partners) — Series D
- Electro Scientific Industries — Series D