Topic: Industry US LED factory BridgeLux, Inc. has announced that it has completed a $23 million Series C venture capital financing, which was led by new investor Chrysalix Energy Venture Capital. Another new investor is VantagePoint Venture Partners, DCM, El Dorado Ventures, and Harris & Harris Group are additional investments.
In this round of financing, the company said that the new financing will be used to expand the product line, expand the market, and strengthen the company's technology research and development strength at the Silicon Burning Headquarters in California.
According to Mark Swoboda, CEO of Purui Optoelectronics, the company has demonstrated its strength with its existing line of high-power LED chips, demonstrating the company's ability to provide innovative solutions for a complete range of solid-state lighting solutions. This round of financing can really promote the company to participate in specific application areas, and the final result will be the real cooperation? S, rather than the more common commodity supplier-style
Greg Sullivan, executive director of the financing party on behalf of Chrysalix Energy Venture Capital, said, "The entrepreneurial management team with convincing technology that can drive fundamental technology changes and apply to the global energy industry is Chrysalix's investment goal. Puri Optoelectronics precisely In line with this model, it is a company that can provide countless core components for a complete solution. We believe that Puri's approach can promote R&D and quickly realize the maximum potential of solid-state lighting technology in energy conservation and sustainability. "
Mr. Sullivan will join the Board of Directors of Purui Optoelectronics.
Puri Optoelectronics' high-power LED chips are used in various professional lighting applications such as backlights, displays, and camera flashes.
Compared to current fluorescent and incandescent lighting solutions, LED-based lighting technology has many advantages in many areas, such as the reliability, light quality, and packaging and energy efficiency of this technology. LEDs have rapidly gained a dominant share in the backlighting and camera flash markets of mobile devices, and their applications in small, medium and large displays are also growing rapidly. Although it has not yet fully met the lighting needs of consumers, this generation of environmentally-friendly solid-state lighting technology is far more efficient than incandescent lighting products, and has recently been able to compete with many fluorescent lighting solutions in industrial and commercial applications.
In this round of financing, the company said that the new financing will be used to expand the product line, expand the market, and strengthen the company's technology research and development strength at the Silicon Burning Headquarters in California.
According to Mark Swoboda, CEO of Purui Optoelectronics, the company has demonstrated its strength with its existing line of high-power LED chips, demonstrating the company's ability to provide innovative solutions for a complete range of solid-state lighting solutions. This round of financing can really promote the company to participate in specific application areas, and the final result will be the real cooperation? S, rather than the more common commodity supplier-style
Greg Sullivan, executive director of the financing party on behalf of Chrysalix Energy Venture Capital, said, "The entrepreneurial management team with convincing technology that can drive fundamental technology changes and apply to the global energy industry is Chrysalix's investment goal. Puri Optoelectronics precisely In line with this model, it is a company that can provide countless core components for a complete solution. We believe that Puri's approach can promote R&D and quickly realize the maximum potential of solid-state lighting technology in energy conservation and sustainability. "
Mr. Sullivan will join the Board of Directors of Purui Optoelectronics.
Puri Optoelectronics' high-power LED chips are used in various professional lighting applications such as backlights, displays, and camera flashes.
Compared to current fluorescent and incandescent lighting solutions, LED-based lighting technology has many advantages in many areas, such as the reliability, light quality, and packaging and energy efficiency of this technology. LEDs have rapidly gained a dominant share in the backlighting and camera flash markets of mobile devices, and their applications in small, medium and large displays are also growing rapidly. Although it has not yet fully met the lighting needs of consumers, this generation of environmentally-friendly solid-state lighting technology is far more efficient than incandescent lighting products, and has recently been able to compete with many fluorescent lighting solutions in industrial and commercial applications.
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