xLight has raised $40 million in a Series B funding round led by Playground Global. This funding supports the development of next-generation light sources for semiconductor manufacturing.

Jul 22, 2025•15 days ago

Amount Raised

$40 Million

Round Type

series b

Palo AltoManufacturing

Investors

Morpheus VenturesBoardman Bay Capital ManagementPlayground Global

Description

xLight, based in Palo Alto, has completed an oversubscribed $40M Series B equity raise. Led by Playground Global, the funding aims to develop powerful extreme-ultraviolet free electron lasers for advanced semiconductor manufacturing. The round also included participation from Boardman Bay Capital Management, Morpheus Ventures, and others. This funding positions xLight to address key industry challenges.

Company Information

Company

xLight

Location

Palo Alto, California, United States

About

xLight was founded in 2021 and is headquartered in Palo Alto, CA. The company’s mission is to commercialize particle accelerator driven free electron lasers (FEL) for critical US economic and national security applications. xLight is led by a group of deeply experienced technologists and semiconductor industry veterans with a long track record of building complex technical systems. Our team has decades of experience designing, building, and deploying free electron lasers across a wide range of applications, from research and development to national security missions.

Related People

Funding Insights

Based on industry data

VC-backed spending patterns

VC-backed companies spend 89% more on sales and 100% more on marketing than bootstrapped peers

Tech investment trends