NUBURU

NUBURU provides welding and additive manufacturing (AM) solutions and serves the energy storage, aerospace, e-mobility, electronics packaging, healthcare, and research industries. NUBURU leverages the fundamental physics of blue light and proprietary design features to offer blue light technology solutions. The company’s product segments comprise the AO series (already in operation) and AI series. Its services include pre-installation and installation, technical support, training, and application center services.

In June 2023, NUBURU launched BL-1000-F, a 1-kilowatt, high-brightness blue laser technology that increases the BL’s laser power from 250 W to 1,000 W, enabling higher speed, micron-level precision, and repeatable high-quality welds targeting metal 3D printing applications.

Key customers and partnerships

NUBURU operates through a network of distributors across North and South America, Asia, and Europe. In May 2022, NUBURU partnered with industrial additive manufacturing company Essentium to jointly develop and manufacture a blue laser-based metal AM platform, allowing customers to create metal parts with high resolution and fast throughput. In May 2023, NUBURU delivered multiple 3D printer units representing the initial implementation of this agreement. In August 2022, NUBURU was awarded a contract from the US Air Force to develop the blue laser technology for area printing to improve print speed by up to 100x, improve accuracy, increase part size and metal density, and reduce the requirement for post-processing and part shrinkage. This project was completed in November 2023, reporting a positive outcome. In April 2023, it also received a position on a named Indefinite Delivery/Indefinite Quantity (IDIQ) from the US Department of Defense (DOD) to fabricate and deliver prototypes and equipment for solid-state high-energy laser (HEL) weapon systems.

Funding and financials

In January 2023, NUBURU announced the completion of its combination with special purpose acquisition company (SPAC) Tailwind Acquisition Corp, becoming a publicly listed entity on the NYSE under the ticker symbols “BURU” and “BURU WS” for common stock and warrants respectively. In June 2023, NUBURU announced entering definitive agreements with several existing investors to receive USD 7.925 million in cash. In November 2023, the company announced a bridge financing of USD 5.5 million with existing investors and a new institutional investor to finance the company until it secures long-term credit financing.