Thursday, March 5, 2009

Arbor Photonics Raises Venture Funding for Optical Fiber Tech.

Arbor Photonics, a start-up based in Ann Arbor, Michigan has raised Series A financing from The Wolverine Venture Fund, part of the University of Michigan's Samuel Zell & Robert H. Lurie Institute for Entrepreneurial Studies.

Arbor Photonics has developed a scalable optical fiber technology that enables high-power fiber lasers to be used in a variety of new materials-processing applications in the automotive, electronics and aerospace industries while offering a lower-cost replacement to existing bulky laser systems. The company's proprietary fiber platform technology expands the limits of single-mode laser performance to hundreds of watts of average pulsed power and multi-kilowatts of continuous wave optical power. The technology was originated in the University of Michigan's Department of Electrical Engineering and Computer Science (EECS).

This second investment from the University of Michigan was made possible by the Frankel Investment Fund, a student-managed venture capital seed fund at the University's Ross School of Business. With the Frankel Fund's original investment in 2007, the Zell Lurie Institute's Wolverine Venture Fund was granted investment rights in future rounds.

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