NUBURU today announced that it has raised $20 million in Series B funding to accelerate development of its high brightness AI™ Series industrial product line and to expand its presence in the energy storage, e-mobility and 3D printing markets.

The round, which was co-led by Anzu Partners, an industrial technology investment firm, and by Thomas Wilson, chair, president and chief executive officer of The Allstate Corporation, brings NUBURU's total funding to nearly $50 million. Wilson, along with Ron Nicol, former senior partner and managing director of the Boston Consulting Group (BCG), will join Anzu managing partners David Michael and David Seldin on the NUBURU board of directors.

Founded in 2015, NUBURU high-power, high-performance industrial blue lasers have transformed metal machining, ushering in an era of high-speed, high-quality processing across a wide range of rapidly growing industrial sectors. Leveraging the fundamental physics of blue light and proprietary design features, NUBURU lasers bring new efficiencies to existing applications and open up entirely new applications.