xLight
About xLight
xLight is a semiconductors startup based in Palo Alto, United States that has raised $201M in venture capital across 3 funding rounds since 2021. The company reached Series B stage in December 2022 with a $11M round led by institutional investors. xLight's investor base includes 5 institutional funds, with Playground Global leading the most recent equity round.
xLight is building the world's most powerful Free Electron Lasers (FELs) to revolutionize advanced semiconductor manufacturing. The company is commercializing particle accelerator-driven FEL technology as an EUV light source for chip lithography — targeting power outputs substantially higher than current ASML systems — with the goal of reducing EUV lithography cost by 50% and overall wafer cost by ~20%.
xLight Funding Rounds Timeline
3 rounds · $201M raised · since 2021
| Round | Date | Amount | Valuation | Lead investor | Co-investors |
|---|---|---|---|---|---|
| Seed | December 2022 | $11M | — | — | — |
| Series B | July 2025 | $40M | — | Playground Global | Boardman Bay Capital Management, Morpheus Ventures, Marvel Capital, IAG Capital Partners |
| Government Grant | June 2026 | $150M | — | U.S. Department of Commerce | — |
Investors in xLight
5 institutional investors across 3 rounds
Lead investors
Co-investors
Recent news about xLight
- Funding美国半导体初创公司xLight据悉寻求筹集3.5亿美元资金June 2026
Questions about xLight
How much has xLight raised?
xLight has raised $201M across 3 funding rounds since 2021.
Who are the investors of xLight?
xLight's investors include Playground Global, Morpheus Ventures, Marvel Capital, IAG Capital Partners, Boardman Bay Capital Management.
When was xLight's last funding round?
xLight's most recent round was a $11M Seed in December 2022.
Where is xLight headquartered?
xLight is headquartered in Palo Alto, United States, and was founded in 2021 by Nicholas Kelez.