Spin-out success



Chromacity, a manufacturer of ultrashort lasers across the near and mid-Infrared, has just closed a second seed investment round of £400,000 to expand its manufacturing capabilities and grow international sales.

Founded in 2013, Chromacity spun out of Heriot-Watt University and since then, the co-founders have developed innovative laser products initially for life-science imaging applications. The product portfolio has now grown to 4 key products with major applications in defence and security, remote sensing, fundamental research and spectroscopy.

The company has developed a range of ultrashort pulse, broadband laser sources that span the near and mid-IR spectral region, important for a number of academic and industrial applications. Chromacity's latest product, the Spark FIR, is the first commercially available laser system of its type globally, that spans the all-important molecular ‘fingerprint' spectral region with a high brightness, high average power output, where its use can identify a number of hazardous substances.

Congratulations to Chromacity, a prime example of a successful spin-out, formed on quality research and now going from strength to strength

Robert Goodfellow

Christopher Leburn, CEO and co-founder at Chromacity, said, “Chromacity is at an exciting stage of its growth. We have developed a portfolio of cutting edge laser technologies based on customer demand and this funding round is going to allow us to expand our production facility and increase our sales drive to target a number of focused customer markets internationally.”

The funding was led by Scottish business angel investment syndicate, EOS, and supported by Kelvin Capital, Scottish Investment Bank, the investment arm of Scottish Enterprise and the Chromacity management team.

Robert Goodfellow, Heriot-Watt's Head of Enterprise, added, "Congratulations to Chromacity, a prime example of a successful spin-out, formed on quality research and now going from strength to strength with the backing of all the partners involved."

Read more at www.chromacitylasers.com/news