xLight (Series B)
Funding Details
Awarder
RSS - americanentrepreneurship.com
Date Award
July 22, 2025
Vertical
Semiconductor Manufacturing
Funding Amount
$40,000,000
Company Info
Founding Year
2021
Traction
xLight is collaborating with national laboratories and private industry to bring its technology to life, aiming to complete detailed design and kickstart construction of its full-scale prototype.
Organizations Involved
Cornell Laboratory for Accelerator-based Science and Education, Los Alamos National Laboratory, Fermi National Accelerator Laboratory
Founders
Nicholas Kelez
Market
Global Semiconductor Industry
Location
Palo Alto, California, United States
Coinvestors
Playground Global, Boardman Bay Capital Management, Morpheus Ventures
Company Description

xLight is building a breakthrough EUV FEL platform that addresses critical industry pain points—namely cost, scalability, and throughput in semiconductor fabrication. The company aims to revolutionize the global chipmaking industry with the development of the world’s most powerful extreme-ultraviolet (EUV) free electron lasers (FELs).

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