VCs Shine on Axsun

Axsun Technologies Inc., a Billerica, Mass.-based manufacturer of MEMS-based micro-optoelectronic “spectral engines,” has raised $10 million in Series D funding. Electro Scientific Industries led the deal, and was joined by return backers like Prism VentureWorks, Vantage Point Venture Partners and Stata Venture Partners. The company also secured a $5 million loan from Bridge Bank.