Arbor Photonics lands $3 million investment, plans to create 136 jobs

Thursday, November 6, 2008 | Source: Concentrate

Arbor Photonics is landing some big venture capital which is expected to lead to some big hiring in the next few years.

Excerpt:

Arbor Photonics is making the most of its $3 million infusion, laying out plans to create 136 new jobs within the next few years.

The Ann Arbor-based firm recently received $1.5 million from Michigan's 21st Century Jobs Fund. That money will complement another $1.5 million from private investors.

The 136 new jobs will be quite the jump in employment for the University of Michigan spin-off. As of today only two people work at the start-up. U-M Prof. Almantas Galvanauskas invented a new way to dramatically improve fiber lasers. Arbor Photonics was created last year to commercialize this technology.

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