Triple Helix Discovery Engine
Triple Helix Framework
Industry
Architects: Small & Medium Size Business (SMBs), Product Development, De-Risking, Validation, Building Niche & Emerging Markets
*Architects: Contract Development and Manufacturing Organization (CDMO), Fabrication, Product Development, Prototyping & Testing Companies

Raydiance

Parents

*Architects: Contract Development and Manufacturing Organization (CDMO), Fabrication, Product Development, Prototyping & Testing Companies
*Architects: Surgical Technology_Cardiovascular, Cardiac & Cardiology Companies _ Stents
University of Central Florida -Technology Incubator
WatchList: Closing, Closed, Inactive, Liquidation, Dissolution or Out of Business

2012: Raydiance Raises $20 Million Growth Financing Led by Samsung (2012)
2015: Petaluma’s Raydiance acquired by Coherent
And the next generation of stents will likely be made of bioabsorbable materials like polylactic (PLA) or poly(lactic-co-glycolic acid) (PLGA) acids.
Ari Schuler, CEO, Raydiance
As devices shrink in size, the greater is the need for athermal manufacturing processes.
But, they have been too big, too expensive, and too dependent on operator skill to enable commercial products
CV stents are typically made of Nitinol or cobalt-chromium alloys.
Founded 2003
Orlando, Florida
Raydiance machines without heat, therefore, post processing becomes a moot point.
Samsung’s co-investors for this financing include existing Raydiance investors Draper Fisher Jurvetson, DFJ-Growth and Greenstreet Partners.
The breakthrough process increases yield and device integrity while reducing costs.
These are very difficult to machine, particularly when strut dimensions are 80 microns or less.
Traditional processes employ tools that leave significant heat affected zones and burrs behind.
USP (Ultra Short Pulse) Laser Scalpel
USP lasers have been useful academic research tools for the past two decades