TDK Ventures makes third investment from $50 million fund in SLD Laser, a GaN materials pioneer commercializing the next generation of visible laser light sources for automotive, mobility, medical, LiFi communication, sensing, specialty lighting, and consumer applications.
TDK Corporation announces that subsidiary TDK Ventures Inc. has added to its growing portfolio of companies with its investment in SLD Laser, a world leader in the commercialization of visible laser light sources. SLD Laser is TDK Ventures’ third investment since its July 2019 launch with a mission to invest its expertise in innovative materials science, energy, power and related areas for a sustainable world where digital and energy transformation will improve billions of lives.
“TDK is the perfect strategic partner,” said Steve Denbaars, CEO and cofounder at SLD Laser. “Their vision of digital and energy transformation matches our vision of developing real-world applications for intelligent illumination, sensing, and communication that weren’t thought possible. We have already identified a number of areas where TDK will help us pioneer the future of light faster.”
TDK Ventures’ Managing Director Nicolas Sauvage added, “We look for fundamental solutions to the hardest problems, and offer our expertise, experience and industry connections to startups and growth phase companies to help them more quickly achieve their full potential to make a positive world impact. SLD Laser is a true pioneer in innovative and meaningful applications leveraging semipolar GaN materials, and we are very impressed by their team and their ambitious roadmap of a wide spectrum of applications around the future of light. We look forward to contributing to their success in the coming months and years.”