Product Reports Resources Pricing Login Book a demo
COMPANY PROFILE

AXSUN Technologies

Explore full profile

Develops, manufactures, and commercializes micro-electrical-mechanical-systems and micro-optic technology based optical engines for telecommunications, industrial, and medical imaging applications

Billerica, United StatesFounded 1998Health Tech & Medtech
Valuation $50–100M Last recorded · 2006
Headcount <100 Current team size
Total funding $100–500M Disclosed equity funding
Unlock exact values This page shows ranges. Dealroom has the exact numbers for AXSUN Technologies and the history behind them.

About AXSUN Technologies

Axsun Technologies, established in 1998, operates as a specialized developer and manufacturer of MEMS-based optical engines. The company was founded by Dale C. Flanders, James D. Legrange, and Peter de Groot, who brought together their extensive experience in micro-optics and optical instrumentation to pioneer a new class of miniaturized devices. Dale Flanders, an MIT alumnus, held numerous leadership roles in research and development, including at Lasertron and Lincoln Laboratory, focusing on semiconductor lasers and integrated optics, which directly informed Axsun's core technological direction. Peter de Groot, with a background as a chief scientist at Zygo Corporation, contributed deep expertise in optical metrology and instrument design, holding over 140 patents in the field. James Legrange's background also contributed significantly to the company's foundational expertise. This convergence of specialized knowledge allowed Axsun to target the transition from large, lab-based optical instruments to high-performance, portable solutions. The company's business model centers on the design, manufacturing, and sale of these sophisticated optical components to original equipment manufacturers (OEMs). Its client base is primarily in the medical imaging, industrial spectroscopy, and telecommunications sectors. In the medical field, Axsun's technology is a critical component in Optical Coherence Tomography (OCT) imaging systems, enabling high-resolution, real-time, in-vivo diagnostics for applications in ophthalmology, cardiology, and gastroenterology. For industrial markets, their spectroscopy engines are integrated into systems for process monitoring and quality control, offering rapid, in-situ chemical and material analysis. Axsun also serves the telecommunications market by providing miniaturized optical channel monitors and tunable filters essential for managing high-speed data networks. In 2011, Axsun was acquired by Volcano Corporation, a leader in intravascular imaging, for approximately $37 million, a move that integrated Axsun's OCT technology more deeply into Volcano's product line. Subsequently, in 2018, Excelitas Technologies, a global technology leader, acquired Axsun. This acquisition integrated Axsun into a larger portfolio of photonic solutions, providing expanded resources and market reach while maintaining its focus on MEMS-based optical engine development. The core product offering is a line of swept laser light sources and integrated optical engines, which are notable for their compact size, high performance, and reliability, stemming from the company's proprietary MEMS fabrication and advanced packaging techniques.

Source: Dealroom company data

At a glance

Status
Acquired
Founded
1998
Headquarters
Billerica, United States
Employees
51
Open positions
None listed
Dealroom signal
67.3/100
Industry
Health
Sub-industry
Medical Devices
Sector
Health Tech & Medtech, Telecommunications, Packaging and Containers, Core AI, Spinout, AI Applications, DT and LS
Technology
Artificial Intelligence, Hardware, Deep Tech, Computer Vision
Business model
Manufacturing
Client focus
b2b

Funding history

6 recorded events

Company financing events and reported valuations.

Deal typeDateAmountValuationInvestorsSource
ACQUISITIONOther financing Dec 2018 $0 — Excelitas Technologies ↗
GROWTH EQUITY VCOther financing Oct 2015 $0 — Anzu Partners —
Showing the latest 2 of 6 recorded eventsBook a demo for the full funding history →

Growth signals

AXSUN Technologies website traffic

Latest recorded traffic for AXSUN Technologies is 200 monthly website visits, down 85.7% over the last three months. AXSUN Technologies's team declined 10.5% over the past year.

Latest monthly visits200 3-month web change-85.7% 1-year team growth-10.5%
Summary metrics are public; monthly history is available with a demoCompare with peers →

Similar companies

Closest operating peers by Dealroom taxonomy

Company identity and context are open; selected comparison metrics preview what is available on the platform.

Showing 8 of the closest matchesCompare every metric →

Investments and acquisitions

Capital deployed

Recent portfolio relationships for companies that also act as investors or acquirers.

Investors

21 investors on the cap table

From Dealroom's funding and investor records, grouped by the round each investor first entered.

Series A7 investors entered at this stage

Series B and later12 investors entered at this stage

  • Oppenheimer
  • Agilent
  • Alex. Brown | Raymond James
  • Dreyfus
  • Analog Devices
  • Amerindo Investment Advisors
  • Wit SoundView Ventures
  • THE DREYFUS CORPORATION
  • Scudder Technology Fund
  • Stata Venture Partners
  • Electro Scientific Industries
  • Anzu Partners

Other known investors2 additional known investors

  • Excelitas Technologies
  • Massachusetts Institute of Technology
Team profiled 9 named & role-tagged
Founders Hidden — book a demo/100 quality score
Key operators 2 quality Hidden — book a demo/100
Potential founders Hidden — book a demo likely future founders
Startup mafia Hidden — book a demo alumni-founded startups
Talent movements Hidden — book a demo in · Hidden — book a demo out past 12 months

Source: Dealroom Talent Intelligence.

Global footprint

Workforce and web traffic by country
Workforce by country
1 countries with
team presence
🇺🇸 United States100%
1 country shown

Market sentiment

Posts on X, past 7 days

An AI-synthesised read of the highest-engagement posts about AXSUN Technologies on X, ranked by likes and reposts, corporate channels excluded.

Reading the room on X — pulling top posts and synthesizing themes…

Source: X recent search ranked by engagement (likes + retweets) · Synthesis by Claude · Cached for 1 hour

See AXSUN Technologies’s full profile on Dealroom

Request a free trial to see the complete deal history, financials, people graph and growth signals.

Takes under a minute. Already use Dealroom? Log in.