About Axsun Technologies
Axsun Technologies is a company based in Billerica (United States) founded in 1998 was acquired by Excelitas in December 2018. Axsun Technologies has raised $111 million across 4 funding rounds from investors including Goldman Sachs, SVB and Agilent. Axsun Technologies operates in a competitive market with competitors including Innolume, Vixar, poLight, sensiBel and Unispectral, among others.
- Total Equity Funding$111M (USD)
in 4 rounds
- Latest Funding Round$10M (USD), Series D
Nov 2006
- InvestorsGoldman Sachs
& 13 more
- Acquired by
Funding Insights of Axsun Technologies
Axsun Technologies has successfully raised a total of $111M across 4 strategic funding rounds. The most recent funding activity was a Series D round of $10 million completed in November 2006. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding $111M
- Total Rounds 4
- Last Round Series D — $10M
- First Round $101M
(Jan 2001)
- Investors Count 12
All 4 funding rounds of Axsun Technologies with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Nov 2006 | $5M | Debt – Conventional | – | – | – |
| Nov 2006 | $10M | Series D | – | – | |
| Jan 2001 | $10M | Debt – Conventional | – | – | |
| Jan 2001 | $101M | Series D | – | Oppenheimer |
14 investors in total: 12 institutional and 2 angel.
Investors in Axsun Technologies
Axsun Technologies has secured backing from 14 investors, including institutional, venture fund, and angel investors. Prominent investors backing the company include Goldman Sachs, SVB and Agilent.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Venture capital firm | – | vpcp.com | Santa Barbara, United States | |
VC firm investing in the US | – | prismventure.com | Westwood, United States | |
Investment banking services are delivered across multiple financial sectors. | 1869 | goldmansachs.com | New York, United States | |
- | – | bowmancapital.com | - | |
Investments are made in industrial and life sciences technology companies. | – | anzupartners.com | Washington, Dc, United States | |
Laser processing systems for PCBs and MLCCs are supplied. | 1944 | esi.com | Portland, United States | |
Banking services are provided to innovative companies, investors, and individuals. | 1983 | svb.com | Santa Clara, United States | |
Diversified investment management firm | 1886 | oppenheimer.com | New York, United States | |
Diversified instruments are developed for scientific and laboratory management. | 1995 | agilent.com | Santa Clara, United States | |
Delivers comprehensive financial services solutions. | 2000 | witsoundview.com | New York, United States |
Investor details for Axsun Technologies
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Timeline of Axsun Technologies
5 dated milestones of Axsun Technologies across 20 years, from founding to its latest funding, stage changes and deals.
- Founded Axsun Technologies is founded.
- Funding First funding round of $101.0M.
- Funding Latest funding round, Series D, of $10.0M.
- Exit Acquired by Anzu Partners.
- Exit Acquired by Excelitas.
Competitors of Axsun Technologies
Axsun Technologies operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Innolume, Vixar, poLight, sensiBel and Unispectral, among others.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| innolume.com | 2003 | Dortmund, Germany | $27.94M | 61 | Quantum-dot and diode lasers are manufactured for photonic applications. | |
| vixarinc.com | 2012 | Plymouth, United States | $2.5M | 14 | Optical Components for Sensors | |
| polight.com | 2005 | Horten, Norway | $58.24M | 22 | Focus actuators for optical lenses are developed using piezo materials. | |
| sensibel.com | 2016 | Oslo, Norway | $23.59M | 11 | Noise cancellation-enabled MEMS microphones are manufactured by sensiBel in Norway. | |
| unispectral.com | 2014 | Ramat Gan, Israel | $13.7M | – | Hyper spectral digital imaging sensors | |
| miradia.com | 2003 | Sunnyvale, United States | $15M | – | MEMS micro mirror arrays are designed for projection display markets. | |
| oqmented.com | 2018 | Itzehoe, Germany | $29.27M | 18 | MEMS and time-of-flight technology-based 3D laser scanning solutions are provided. | |
| omminc.com | 1997 | San Diego, United States | $115M | – | Provider of domain name services | |
| memsdrive.com | 2015 | Shenzhen, China | $11M | – | MEMS drive motors for mobile camera systems are developed fablessly. |
Detailed competitors of Axsun Technologies
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Latest news on Axsun Technologies
Complete news archive for Axsun Technologies
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- Full article archive
- Source and publication date
- Older coverage
- Brand-specific news history
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Similar companies to Axsun Technologies
10 companies that operate in the same segment as Axsun Technologies (Embedded & Flexible Electronics), ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
IoT connectivity platform from prototype to production is developed. | 2011 | San Francisco, California, United States | USD 134.87 M | – | 109 | |
RF MEMS-based oscillators and resonators are supplied for diverse applications. | 2004 | Sunnyvale, California, United States | USD 51.97 M | USD 326.66 M | 395 | |
Single board computers are supplied for educational computing and programming. | 2008 | Cambridge, Cambridgeshire, United Kingdom | USD 45 M | – | – | |
Flexible displays are researched, developed, and manufactured by Royole. | 2012 | Fremont, California, United States | USD 849.93 M | – | – | |
Programmable logic devices and embedded solutions are provided. | 1984 | San Jose, California, United States | – | USD 154.19 M | 1,516 | |
AI-enabled image processors are manufactured for ADAS and security applications. | 2004 | Santa Clara, California, United States | USD 15.4 M | USD 390.7 M | 941 | |
Electronic paper displays for eBooks and devices are manufactured. | 1997 | Boston, Massachusetts, United States | USD 52.8 M | – | 2,900 | |
Developer of AI-based chips for machine vision tasks | 2016 | Pudong, Shanghai, China | USD 346 M | – | – | |
System-on-chips for connected applications and secure IoT devices are developed. | 2021 | Chennai, Tamil Nadu, India | USD 10.58 M | USD 78.73 K | 36 | |
Provider of an open-source electronics prototyping platform | 2005 | Malmo, Sweden | USD 54 M | – | – |
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Frequently Asked Questions about Axsun Technologies
Axsun Technologies was founded in 1998 and raised its 1st funding round 3 years after it was founded.
Axsun Technologies is headquartered in Billerica, United States. It is registered at Billerica, Massachusetts, United States.
Axsun Technologies is a funded company, having raised a total of $111M across 4 funding rounds to date. The company's 1st funding round was a Series D of $101M, raised on Jan 2001.
Axsun Technologies was founded in 1998 and is headquartered in Billerica, United States. Operations focus on the development and manufacture of MEMS-based micro-optical spectrometers and channel monitors. These products serve applications in pharmaceuticals, chemicals, petrochemicals, homeland security, telecommunications, industrial processes, and medical imaging. The companys packaging platform integrates patented MEMS devices with micro-optic technology and automated assembly for scalable production in the optics sector.
Axsun Technologies has 14 investors. Key investors include Goldman Sachs, SVB, Agilent, Analog Devices, and Oppenheimer.
Yes. Axsun Technologies was acquired by Excelitas in December 2018.