# Phoseon Technology

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/phoseon-technology

- Industry: Electronics
- Headquarters: Hillsboro, US
- Website: www.phoseon.com
- Total disclosed funding: $6.4M
- Latest round: Series A (Mar 21, 2005)
- Investors on record: 5

## About

Phoseon Technology Inc. is a US-based company that specializes in advanced UV LED solutions, providing innovative products for industries including life sciences and industrial curing.Founded in 2002 and headquartered in Hillsboro, US, Phoseon Technology Inc. focuses on developing effective UV LED solutions. The company has executed 7 funding deals, with the most recent being a VENTURE DEBT round on 15 February 2023, raising USD 1.3 mn. The company has been acquired by Excelitas Technologies Corp., enhancing its UV curing expertise and expanding into the Pacific Northwest. Bill Cortelyou serves as the CEO.Phoseon Technology specializes in innovative UV LED solutions that cater to a diverse range of applications across the Life Sciences and Industrial Curing sectors. Their core product offerings include high-performance UV LED curing systems designed for various processes, such as digital inkjet and flexographic printing, UV coating applications for materials like wood, vinyl, and automotive surfaces, and UVC LED disinfection systems aimed at manufacturing and life sciences. These products provide efficient and environmentally friendly alternatives to traditional UV curing methods, addressing issues such as greenhouse gas emissions and hazardous materials like mercury. Phoseon serves a global client base that includes manufacturers in the printing, automotive, and life sciences industries, providing solutions that enhance productivity while ensuring sustainability. Their products are marketed to clients in North America, Europe, and Asia, enabling widespread adoption of their advanced technologies.Phoseon Technology generates revenue through direct sales of its UV LED solutions to businesses in various sectors, including printing, automotive, and life sciences. The company operates on a transactional model where clients purchase UV LED curing systems and associated products, such as UVC LED disinfection systems and solid-state UV detectors. These transactions typically occur through B2B channels, with companies acquiring systems tailored to their specific industrial needs. Phoseon offers several flagship products, including the Nexus ONE premium UV LED curing systems, which are known for their reliability and efficiency. Their pricing structure reflects the value of their advanced technology and innovation, ensuring that customers receive high-performance solutions that meet their operational goals.Following its acquisition by Excelitas Technologies Corp. in February 2023, Phoseon Technology plans to leverage its enhanced capabilities in UV curing and expand its geographic footprint into the Pacific Northwest. The recent funding will support the advancement of their LED technology and the development of upcoming innovative UV LED products. Further initiatives include targeting expansion into new markets, optimizing existing product lines, and maintaining a focus on sustainability in their solutions.

## Funding rounds

- Series A, Mar 21, 2005, $6.4M — Fluke Venture Partners, SmartForest Ventures, Oregon Venture Fund, PacRim Venture Partners, Moritex Corporation

## Investors

- Fluke Venture Partners (https://capitalatlas.ai/funds/fluke-venture-partners) — Series A
- SmartForest Ventures (https://capitalatlas.ai/funds/smartforest-ventures) — Series A
- Oregon Venture Fund (https://capitalatlas.ai/funds/oregon-venture-fund) — Series A
- PacRim Venture Partners (https://capitalatlas.ai/funds/pacrim-venture-partners) — Series A
- Moritex Corporation — Series A