The race for smaller and more innovative electronics is on, and Samsung has a stake in the space on multiple levels: as a seller of consumer electronics products itself, and as a component supplier for the products of other companies. To that end, today its investment arm, Samsung Venture Investment Corporation, announced it was leading a $20 million investment in Raydiance, a developer of laser precision solutions that are used in the manufacturing of very small, detailed components for medical, automotive and other devices. Raydiance says the growth round will be used to expand its business into consumer electronics (like phones) as well as build out existing business serving medical and automotive customers. Existing investors?Draper Fisher Jurvetson, DFJ-Growth and Greenstreet Partners also participated.Source: http://feedproxy.google.com/~r/Techcrunch/~3/x529IPXQRhI/
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