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Syndiant Raises $10.7M

Photonics.com
Aug 2009
DALLAS, Aug. 25, 2009 -- Syndiant, a Dallas-based fabless semiconductor company, announced last week it has closed a $10.7 million series B funding round led by the the Texas Emerging Technology Fund (TETF) and private investors. The company's high resolution light modulating chips are used in pico projectors embedded in handheld electronics.

The funding enables Syndiant to accelerate volume production of its first product, the VueG8 (View-Gate) SVGA and WVGA microdisplay, as well as develop other products.

ViewGate.jpg
Syndiant's VueG8 (View-Gate) technology allows images projected from handheld electronics to be in high definition. (Photo: Syndiant)

“Securing this funding was a huge accomplishment, especially given the current state of the economy. It speaks volumes to the opportunity we have with our superior technology and business strategy,” said Mark Harward, Syndiant CEO. “We are excited about engagements with numerous OEMs, and our strong balance sheet will hasten market acceptance of next-generation pico projectors that provide better performance and higher resolution.”

The TETF, which aims to support companies that create high-quality jobs and increase applied research projects for Texas institutions of higher education, has now invested $3.5 million in Syndiant.

For more information, visit: www.syndiant.com




GLOSSARY
electronics
That branch of science involved in the study and utilization of the motion, emissions and behaviors of currents of electrical energy flowing through gases, vacuums, semiconductors and conductors, not to be confused with electrics, which deals primarily with the conduction of large currents of electricity through metals.
light
Electromagnetic radiation detectable by the eye, ranging in wavelength from about 400 to 750 nm. In photonic applications light can be considered to cover the nonvisible portion of the spectrum which includes the ultraviolet and the infrared.
photonics
The technology of generating and harnessing light and other forms of radiant energy whose quantum unit is the photon. The science includes light emission, transmission, deflection, amplification and detection by optical components and instruments, lasers and other light sources, fiber optics, electro-optical instrumentation, related hardware and electronics, and sophisticated systems. The range of applications of photonics extends from energy generation to detection to communications and...
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