What Modulight does

Modulight Corporation is a Finnish laser manufacturer founded in 2000 and headquartered in Tampere, Finland, with a commercial office in San Jose, California. The company designs and manufactures semiconductor diode lasers and integrated laser systems spanning wavelengths from UV to beyond 3000nm, applying them primarily to medical use cases (oncology photodynamic therapy and photoimmunotherapy, ophthalmic PDT) and adjacent high-value applications including quantum computing, flow cytometry, fluorescence microscopy, and drug discovery research. The company operates a fully vertically integrated fabrication capability spanning diode, DFB, DBR, VCSEL, VECSEL, fiber, and DPSSL laser technologies, with an in-house Biomedical Laboratories unit supporting cell, tissue, and clinical laser studies.

The core product line comprises the ML7710 multi-indication clinical platform (supporting all major photosensitizers for PDT and PIT), the FDA-approved ML6710i ophthalmic PDT system, the ML6600 cloud-powered multi-wavelength platform (UV to 3000+nm, up to 8 channels), and the ML8500 automated biomedical illumination system with integrated incubator. The #TailoredLaser sub-brand delivers custom OEM and semiconductor-level configurations, and the MLAKIT add-on extends illumination flexibility. Modulight monetizes through direct enterprise sales of hardware systems, custom tailored laser solutions via OEM partnerships, components and modules (fiber-coupled lasers, diode chips, bars, wafers), and lifecycle service and compliance support. The company serves 10+ pharmaceutical companies, Fortune 500 firms, and named institutions including Roswell Park Comprehensive Cancer Center, the National Cancer Institute, Duke University, University of Maryland, Kansai Medical University, and University of Texas at Dallas. Modulight is publicly listed on NASDAQ Helsinki (ticker MLIGHT) and employs 51-100 people.

Name

Modulight

Legal name

Modulight Corporation

Website

https://modulight.com

Company type

Private

Founded year

2000

Operating status

Operating

Headcount range

51–100 employees

Short description

Modulight Corporation is a Finnish laser manufacturer (founded 2000, NASDAQ Helsinki: MLIGHT) that designs and manufactures vertically integrated semiconductor laser systems from UV to beyond 3000nm for medical oncology, ophthalmology, quantum computing, and life sciences research, serving 10+ pharmaceutical companies, Fortune 500 firms, and cancer centers globally.

Ownership category

akta.pro rank

Product category

Medical Laser Systems

NAICS

Surgical and Medical Instrument Manufacturing (339112), Ophthalmic Goods Manufacturing (339115), Semiconductor Machinery Manufacturing (333242)

SIC

Optical Instruments & Lenses (3827), Surgical & Medical Instruments & Apparatus (3841), Ophthalmic Goods (3851), Laboratory Analytical Instruments (3826)

akta.pro primary industry

Optoelectronic Emitters (LED/Laser/VCSEL) (HDAHALAL)

akta.pro secondary industries

Optoelectronic / Photonics Foundries (Silicon Photonics/LED/Laser) (HDAHACAG), Quantum Photonics & Quantum Imaging (Single-Photon, Lidar, Ghost Imaging) (HDAGAHAF), Refractive Surgery Systems (Excimer/Femtosecond Lasers, Phakic IOL Systems, Wavefront/Guidance) (HLAHAJAG), Laser & Energy-Based Dermatology (HLAKACAF)

Keywords

• Medical laser systems
• Photodynamic therapy equipment
• Ophthalmic laser devices
• Semiconductor diode lasers
• Biomedical illumination systems

Headquarters

HQ city

Tampere

HQ country

Finland

HQ region

Europe

Offices2 records

Markets served

GTM type

B2B

Offering type

Hardware or Manufacturing

Cost components

Personnel, Technology or R&D, Operations, Supply Chain, Infrastructure, Marketing or Sales

Revenue model

1. Laser Hardware Sales: Sale of laser systems including clinical platforms (ML7710, ML6710i), biomedical illumination systems (ML8500), and cloud-powered laser platforms (ML6600). Products range from medical devices for oncology/ophthalmology to research and quantum computing applications. Revenue generated from direct product sales to healthcare providers, pharma, and research institutions.
2. Custom/Tailored Laser Solutions: #TailoredLaser custom semiconductor lasers and integratable solutions through OEM partnership and collaboration. Modulight tailors solutions at semiconductor level from Proof of Concept to full-scale production, enabling unique application-specific laser configurations.
3. Laser Modules and Components: Fiber-coupled laser modules and components, diode laser chips, bars and wafers for integration into customer systems. Supports both standard product catalog and custom configurations.
4. Service and Support: Lifecycle support, compliance management, calibration services, and technical support for medical laser systems. Cloud services for connected laser platforms with remote diagnostics and monitoring.

Go-to-market motion2 records

Distribution channels1 record

Marketing channels10 records

Core offering

Modulight designs and manufactures laser systems and components for medical applications including oncology (PDT/PIT cancer treatments) and ophthalmology, as well as for high value-add applications such as flow cytometry, microscopy, quantum computing, and defense. The company operates a fully vertically integrated semiconductor laser fab producing diode, DFB, DBR, VCSEL, VECSEL, fiber, and DPSSL lasers spanning UV to beyond 3000 nm, and offers cloud-connected laser platforms, custom OEM laser solutions, and lifecycle support services.

Product overview

Modulight offers a vertically integrated portfolio of laser systems for medical and life science applications. The core product line centers on the ML6600 cloud-powered platform, which serves as a scalable foundation supporting multiple laser technologies (diode, VECSEL, DPSSL, fiber) across wavelengths from UV to 3000+ nm. The ML7710 clinical multi-indication platform and ML8500 automated illumination system target oncology and in vitro research respectively, while the ML6710i serves ophthalmic PDT. The #TailoredLaser sub-brand provides custom OEM solutions, and the MLAKIT add-on extends illumination capabilities. All products are manufactured in Modulight's ISO 13485-certified facility with supply chain security from chip to system.

Differentiator

Problem solved

Functional benefit

Brands

• Modulight Biomedical Laboratories: Cell culturing laboratory, clinical laser studies, tissue and optical phantom studies, laser effect on cell samples, and anatomical models.
• #TailoredLaser
• ML6600
• ML7710
• ML8500
• ML6710i
• LASER-SHARP RESEARCH

Products and services

• ML7710 Clinical multi-indication laser platform for oncology, covering UV to 3000 nm with up to 8 independent channels. Supports all major photosensitizers (5-ALA, Verteporfin, Metvix, Foscan, IRDye 700) for photodynamic therapy (PDT) and photoimmunotherapy (PIT) treatments. Features touchscreen operation, cloud connectivity, self-calibration, and safety interlocks. Targeted at hospitals, cancer centers, and oncology departments.
• ML6710i FDA-approved ophthalmic laser system for photodynamic therapy (PDT) with Visudyne at 689 nm, featuring intuitive iPad control and cloud-based treatment logging. Designed for ophthalmology clinics performing retinal treatments including wet AMD, diabetic retinopathy, and ocular melanoma.
• ML8500 Automated biomedical illumination system for in vitro studies, supporting up to 7 simultaneous wavelengths with touchscreen control, integrated incubator for normoxia/hypoxia experiments, and cloud-based illumination program composition for remote operation and data logging. Targeted at pharmaceutical companies, biotech firms, and research institutions.
• ML6600 Cloud-powered laser solution platform covering UV to 3000+ nm, integrating diode, VECSEL, DPSSL, and fiber laser technologies. Application-specific versions include flow cytometry models with AI-based active beam alignment and microscopy models with key wavelengths for fluorescence imaging. Targeted at life science research and quantum computing customers.
• #TailoredLaser Solutions Custom semiconductor lasers and integratable solutions for OEM partnership, collaboration, and unique application requirements across all laser technologies. Modulight tailors solutions at the semiconductor level from Proof of Concept to full-scale production. Targeted at instrument manufacturers and system integrators.
• MLAKIT (Modulight Illumination Kit) Flexible illumination tools providing uniform and reproducible light delivery for well plates, petri dishes, and other sample formats. Compatible with ML6000 and ML7000 series lasers for multi-wavelength fluorescence and PDT experiments. Targeted at life science researchers.
• Fiber-Coupled Laser Modules Fiber-coupled laser modules and components for integration into customer systems. Available as standard catalog products or custom configurations across Modulight's laser technology portfolio.
• Diode Laser Chips, Bars and Wafers Free-space diode laser chips, bars and wafers supplied to OEMs and system integrators for embedding into customer systems and instruments.

Quantifiable outcome

• FDA-approved ophthalmic PDT laser system (ML6710i)
• +2 more outcomes

Named customers10 records

Segments6 records

Ideal customer profiles5 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

AI capability2 records

Feature8 records

Partnerships

Six partnerships are on record, tiered core and minor.

• University of Maryland - Fischell Department of BioengineeringcoreStrategic or Co-development Partner · 2 February 2026Research collaboration on light-activated treatment for brain cancer. Modulight provides specialized laser systems while University of Maryland provides nanoparticle drug development expertise through Prof. Joe Huang's laboratory. Joint work on NanoVP (nanoformulation of verteporfin) that can cross the blood-brain barrier for glioblastoma treatment.
• University of Maryland - Huang LaboratorycoreStrategic or Co-development Partner · 9 January 2023Three-year collaborative project to establish standardized guidelines for drug photosafety testing. Focus on high-throughput screening of phototoxicity and drug-dye interactions using Modulight's laser systems and University of Maryland's testing protocols.
• Kansai Medical University - Photo-ImmunoTherapy Research InstitutecoreStrategic or Co-development PartnerOngoing research collaboration on peptide-based photoimmunotherapy drugs. Kansai Medical University team (led by Prof. Hirofumi Hanaoka) develops novel photoimmunotherapy compounds targeting PD-L1, using Modulight ML7710 laser systems for preclinical and clinical studies.
• National Cancer InstitutecoreStrategic or Co-development PartnerCollaborative research on photoimmunotherapy applications including studies on ovarian cancer peritoneal metastasis, renal cell carcinoma, and other cancer types. Joint work on drug efflux pump inhibition using photoimmunotherapy.
• University of Texas, Dallas - Dr. Girgis Obaid's LabminorStrategic or Co-development PartnerResearch collaboration on light-activated verteporfin-containing liposomes for pancreatic cancer treatment using Modulight ML6600 laser systems.
• Roswell Park Comprehensive Cancer CentercoreStrategic or Co-development PartnerClinical collaboration for PDT lung cancer treatments using ML7710 medical laser system. Dr. Nwogu at Roswell Park performs interstitial PDT procedures with Modulight lasers.

Scale indicators6 records

Recent moves6 records

Expansion highlights6 records

Direct peers

• Lumenis: Medical laser company focused on ophthalmology, urology, and aesthetic applications. Closely comparable to Modulight's ophthalmic (ML6710i) and clinical oncology (ML7710) laser systems, with overlapping FDA-regulated product categories and hospital sales motion.
• Toptica Photonics: Manufacturer of high-end diode and frequency-converted lasers for quantum optics, biophotonics, and microscopy. Closely comparable to Modulight's scientific/quantum and flow-cytometry laser offerings, particularly narrow-linewidth and single-frequency products.
• LUMIBIRD (formerly Quantel Medical): European laser group with strong medical and scientific laser franchises (ophthalmology, dermatology, lidar, quantum). Comparable to Modulight across medical laser verticals and quantum/scientific applications, with similar European footprint and product breadth.
• nLight: Vertically integrated semiconductor laser manufacturer selling diode lasers and fiber lasers to medical, industrial, and aerospace customers. Highly comparable to Modulight on technology stack, vertical integration, and end markets including medical aesthetics and defense.
• Biolase: Medical/dental laser company selling FDA-cleared laser systems to clinicians. Comparable to Modulight's clinical laser business model (regulated medical devices sold into hospitals and clinics), though focused on dental/soft-tissue applications rather than oncology or ophthalmology.

Broad incumbents

• IPG Photonics: Leading manufacturer of high-power fiber lasers and diode lasers for medical, materials processing, and advanced applications. Comparable to Modulight's fiber laser and DPSSL offerings and to its medical-device channel strategy, but with much larger revenue base and R&D budget.
• Hamamatsu Photonics: Japanese photonics manufacturer of laser diodes, photodetectors, and optoelectronic components serving life sciences, medical, and quantum markets. Comparable to Modulight's laser diode/chip/wafer catalog and biomedical illumination business, though at much larger scale.
• Thorlabs: Broad-line photonics components and laser manufacturer serving research, life sciences, and OEM customers. Comparable to Modulight on fiber-coupled laser modules, OEM offerings, and biomedical illumination, with a much larger catalog and global distribution.
• Coherent Corp. Global photonics leader (formerly II-VI/Coherent) offering diode lasers, VCSELs, and laser subsystems across medical, industrial, and semiconductor applications. Directly comparable to Modulight's diode/VCSEL portfolio and medical laser business, but at vastly greater scale and breadth.

Emerging players

• M Squared Lasers: UK-based developer of photonic and quantum technologies including lasers for quantum computing, sensing, and biophotonics. Comparable to Modulight's quantum photonics roadmap and narrow-linewidth laser products, with a similar focus on emerging scientific applications.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights6 records

Customer concentration

• Xx.com/modulight
• YouTubeyoutube.com/@Modulight
• Facebookfacebook.com/modulight.inc
• LinkedInlinkedin.com/company/modulight
• Instagraminstagram.com/modulight.corp

Compliance4 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles4 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Modulight