May 23, 2005 — Zia Laser Inc., an Albuquerque, N.M.-based manufacturer of quantum dot semiconductor lasers, secured an $8 million round of financing in Q1 2005. The round was led by Venrock Associates and included new investor Harris & Harris Group Inc., as well as returning investors RWI Group and Prism Venture Partners.
The New Mexico Business Weekly reported the investment on May 15 and Harris and Harris added an announcement today. Zia will use the financing to further develop its laser technology for application in microprocessors. Zia’s quantum dot-based lasers allow computer chips to process some of their signals optically instead of entirely electronically.