# NLM Photonics funding: rounds and investors

> NLM Photonics has raised across 1 round since 2026. Investors include National Science Foundation, US Department of Energy and Emerald Technology Ventures.

Source: https://millionrounds.com/company/nlm-photonics (Millionrounds; every figure on the page links to its filing or article)

United States · [Venture startup](https://millionrounds.com/companies)

# Who invested in *NLM Photonics*

One round we have observed, with the 4 investors named in it. Every figure came from a named source, and where the company reported a raise to the SEC itself, that is shown beside it.

Hardware & Electronics

Raised 2 months ago

Funding summary Updated 26 Oct 2026

**Undisclosed** raised across 1 round since 2026, from 1 source

- **Latest round:** Venture Sept 2026
- **Investors:** 4

See who backed them

## The rounds

- **Sept 2026** Venture **Amount undisclosed** [National Science Foundation](https://millionrounds.com/fund/nsf-small-business-innovation-research-small-business-techno) [US Department of Energy](https://millionrounds.com/fund/u-s-department-of-energy) [Emerald Technology Ventures](https://millionrounds.com/fund/emerald-technology-ventures) [Oregon Venture Fund](https://millionrounds.com/fund/oregon-venture-fund) Source recorded

## Founders and team

From NLM Photonics's own website: 5 on the team.

- **Brad Booth** Chief Executive Officer
- **Varughese Mathew** Vice-President of Sales
- **Vijay Raghavan** Chief Financial Officer (fractional)
- **Corporate Advisor** Advisors to Board
- **Frank Balas** Board Director

Advisers *Gerard Zytnicki*

## Everyone who backed them

[National Science Foundation](https://millionrounds.com/fund/nsf-small-business-innovation-research-small-business-techno) Government **1** round

[US Department of Energy](https://millionrounds.com/fund/u-s-department-of-energy) Government **1** round

[Emerald Technology Ventures](https://millionrounds.com/fund/emerald-technology-ventures) VC firm **1** round

[Oregon Venture Fund](https://millionrounds.com/fund/oregon-venture-fund) VC firm **1** round

Missing a round, or an investor who was in one? [Tell us](https://millionrounds.com/corrections?slug=nlm-photonics).

## Also claim to have backed them

This firm lists NLM Photonics as a portfolio company on their own website, but no report of a round names it. They are the firms' own claims, kept apart from the rounds above.

[Hamamatsu Ventures](https://millionrounds.com/fund/hamamatsu-ventures) Corporate VC Per its own site

## Quick answers about NLM Photonics

### Who invested in NLM Photonics?

NLM Photonics's investors include National Science Foundation, US Department of Energy, Emerald Technology Ventures and Oregon Venture Fund.

### How much has NLM Photonics raised?

NLM Photonics has raised 1 round since 2026, none with a disclosed amount.

### When did NLM Photonics last raise?

NLM Photonics's most recent round was a Venture in Sept 2026.

### Who backed NLM Photonics first?

NLM Photonics's first round on record, in Sept 2026, was backed by National Science Foundation, US Department of Energy and Emerald Technology Ventures and 1 others.

### What stage is NLM Photonics at?

NLM Photonics's latest named round is a Venture, in Sept 2026.

### Where is NLM Photonics based?

NLM Photonics is based in the United States.

## Companies like NLM Photonics

In the same sector, and raised in the last eighteen months.

[**Optivolt** $37M · Oct 2026](https://millionrounds.com/company/optivolt)[**Tenstorrent** $3.0B · Oct 2026](https://millionrounds.com/company/tenstorrent)[**Sabi** $50M · Oct 2026](https://millionrounds.com/company/sabi)[**Ringon** $70K · Oct 2026](https://millionrounds.com/company/ringon)[**Relay** $207M · Oct 2026](https://millionrounds.com/company/relay)[**SiMa.ai** $235M · Sept 2026](https://millionrounds.com/company/sima-ai)

## Find investors like these

Search every investor by what they have actually funded, then narrow to your stage and market. Free.

Open the investor searchOr these rounds in the app