Soraa Laser Diode, Inc.

Soraa Laser Diode, Inc. specializes in the design and manufacturing of high-performance Gallium Nitride (GaN) laser diodes for applications in communications, sensing, and augmented/virtual reality technologies. Founded in 2013 in Goleta, US, Soraa Laser Diode, Inc. focuses on developing advanced laser technology.

The company was acquired by Kyocera in November 2020, securing a 100% stake, although financial terms were undisclosed. Co-founders James Raring and Paul Rudy have a background in innovative technology ventures. The company has completed three deals, with its latest funding round being a Series A in November 2020, raising USD 4. 50 mn led by Khosla Ventures.

The total amount raised by the company now stands at USD 4. 50 mn. Soraa Laser Diode, Inc. manufactures custom Gallium Nitride (GaN) laser diodes, essential for high-speed communications, sensing technologies, and AR/VR systems.

Its offerings include high-performance laser diodes that ensure efficiency and reliability across various industries, such as telecommunications, industrial manufacturing, and consumer electronics. The company caters to OEMs and R&D institutions in North America, Europe, and Asia, establishing a significant presence in the semiconductor and photonics markets. Soraa Laser Diode, Inc. generates revenue through direct sales of its GaN laser diodes to industrial and commercial clients, primarily through B2B transactions.

Contracts typically detail volume purchase agreements, reflecting the high-value nature of the technology. The tailored pricing structure helps foster long-term partnerships, with flagship products contributing to revenue growth in rapidly evolving markets that emphasize quality and innovation. Soraa Laser Diode, Inc. plans to enhance its product lineup with new laser diodes designed for emerging applications in telecommunications and AR/VR technologies, with launch timelines to be confirmed.

The company aims to expand into Asian markets by 2023, leveraging its recent funding from the Series A round to support these initiatives. The acquisition by Kyocera positions Soraa to integrate advanced technologies and resources, further driving growth and innovation in laser diode applications.