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xLight Inc.

xLight Inc.

Private
Palo Alto, CaliforniaFrontier & Industrial Techhttps://xlight.com

Last Round

Early Funding

Jun 24, 2026

Total Funding Raised

$40M

Momentum

Top 1%

of companies Caplight tracks

Company Overview

xLight Inc. is a semiconductor manufacturing company developing particle accelerator-driven Free Electron Lasers (FEL) to be used as a light source for extreme-ultraviolet (EUV) lithography.

Sector

Frontier & Industrial Tech

Verticals

Semiconductors, Computing Hardware, Smart Manufacturing

Business Model

B2B

Customer Profile

Hardware Sales, Government Contracts, Services & Consulting

AI Layer

Non-AI

Keywords

EUV light sourceFree Electron LaserFELEUV lithographysemiconductor capital equipmentsemicap equipmentparticle acceleratorsemiconductor lithographyEUVhigh-power EUVsemiconductor fabsLPP replacementCHIPS Actnational security applicationsdeep tech

Historical Pricing

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Caplight Momentum Score

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xLight Inc. Comps

Public and private peers based on sector, stage, and business model.

xLight Inc. comps — public and private peers by sector, stage, and business model
CompanyStatusEst. ValuationRev Multiple
OpenAIPrivate$86.0B~40x
CoherePrivate$5.0B--
Competitor 1Public$XX.XBXXx
Competitor 2Public$XX.XBXXx

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xLight Inc. Funding Rounds

Historical fundraising activity

Data table
RoundDateAmount RaisedValuationInvestorsSources
Early FundingJun 24, 2026
Series BJul 22, 2025

Secondary Market Activity

Bids, offers, and trades by month

Data table
OperationDatePriceSizeShare ClassStructure
OFFER

Key People

Founding team and executive leadership

Nicholas Kelez

Chief Technology Officer, Chief Executive Officer

Executive Team

xLight Inc. Investors

Notable investors and investment history

xLight Inc. investors
InvestorRounds
IAG Capital PartnersSeries B
Boardman Bay Capital ManagementSeries B, Early Funding
Playground GlobalSeries B
Morpheus VenturesSeries B
Bain Capital, LPEarly Funding
Marvel Capital Holdings LtdSeries B
Playground GlobalSeries B

Market signals

Structured signals derived from secondary market and firmographic data.

  • Jun 24, 2026

    $350M raised, led by Bain Capital and Boardman Bay Capital.

  • Jan 1, 2026

    Collaboration with the Department of Commerce begins January 1st, 2026.

xLight Inc. Filings

SEC and related filings with document metadata.

Data table
TypedDateAmount OfferedAmount SoldFillingPagesDownload
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xLight Inc. Filings

SEC and related filings with document metadata.

Frequently Asked Questions

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Firmographic Details

HeadquartersPalo Alto, California
Employee Range50
Year Founded2021
Last FundingJun 24, 2026

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