Silicon Valley firm says it will use the series B funding to support its global expansion.
Investment intended to accelerate production ramp and fund next wave of technology development.
Israeli startup is working on photonics technology for in-car monitoring and passenger safety.
First nine months’ revenue up 12.6% over 2017 equivalent; and pre-tax earnings up by 27.8%; 2018 acquisitions completed.
Revenue guidance for current quarter cut by $70M on sudden drop in demand for laser diodes used in 3D sensing applications.
But II-VI stock falls by one-fifth as market questions price of deal valuing Finisar at substantial premium.
Optical networking equipment and photonic integrated circuit manufacturer sheds one-third of its market valuation as investors take fright.
Trade war takes the edge off record-breaking fiscal year, with a 10% dip in sales now pencilled in for 2019.
Fiber laser firm reports 'aggressive' price competition in China; says will move beyond 10 kW in 2019.
Stock leaps 20% as company reports negligible impact from China tariffs, broad-based demand for its photonic components and sub-systems, and an acquisition related to laser weapons development.
Stemmer's record annual revenue up 14% to over €100 million; Cognex has second-best quarter but warns China market is cooling.
Laser micromachining systems firm seen as highly complementary addition to MKS' existing photonics portfolio, including Spectra-Physics laser division.