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funding News
Syndiant Raises $10.7M
DALLAS, Aug. 25, 2009 -- Syndiant, a Dallas-based fabless semiconductor company, announced the closing of a $10.7 million series B funding round led by the the Texas Emerging Technology Fund and private investors. The company's high-resolution light modulating chips are used in pico projectors embedded in handheld electronics.
E-paper Device Maker Folds
SOUTHAMPTON, England, July 20, 2009 – Polymer Vision, maker of the rollable e-paper display Readius, filed for Chapter 11 bankruptcy protection and shuttered its UK offices, putting 50 people out of work, according to media reports.
Powerlase Secures Funding
CRAWLEY, England, April 2, 2009 -- Powerlase Ltd., a manufacturer of powerful nanosecond Q-switched, diode-pumped solid-state (DPSS) lasers, announced it has received a "significant" investment from venture capitalists. Powerlase received the undisclosed amount through a funding...
Raydiance Round Raises $20M
PETALUMA, Calif., Nov. 24, 2008 -- Raydiance announced that it has secured $20 million in new funding that will allow it to further develop its ultrafast lasers and offer them in more markets. The Series D funding round was led by Greenstreet Partners and joined by Draper Fisher...
QPC Gets Default Notices
SYLMAR, Calif., Oct. 30, 2008 -- Laser diode maker QPC Lasers, currently limping along with a bare-bones staff as it attempts to avoid bankruptcy, has received default notices from creditors after failing to make October payments totalling more than $65,000. In an Oct. 24 filing...
Science Policy: Obama vs. McCain
Oct 2, 2008 — Most of my fellow scientists care more for experiments and the life of the mind than political wrangling. However, I urge you to remember that what happens in Washington during this election year will influence whether or not you have the money to...
QD Laser Maker Secures $13M
DORTMUND, Germany & SANTA CLARA, Calif., Aug. 5, 2008 -- Innolume, a maker of quantum dot (QD) -based lasers and laser modules, said it has secured approximately $13.3 million (€8.6 million) after a Series C funding round led by S-Group Capital Management. Innolume, which has facilities in Santa Clara...
Luminus LEDs to Surpass TVs
BILLERICA, Mass., March 19, 2008 -- Luminus Devices Inc., a maker of light sources for the TV and display industry, said the $72 million raised in a new round of financing will allow it to expand its Phlatlight LED chip sets into general lighting applications. The funding round...
Astronomy Cuts Dismay RAS
LONDON, Dec. 18, 2007 -- The Royal Astronomical Society (RAS) has expressed its "deep disappointment" at the level of cuts to UK astronomy research announced last week by the Science and Technology Facilities Council (STFC). In an effort to prioritize funding efforts, STFC...
LED Lighting Raises $16.5M
MORRISVILLE, N.C., Nov. 2, 2007 -- LED Lighting Fixtures Inc. (LLF), a developer of LED fixtures for general lighting applications, today announced that it has raised $16.5 million in an equity financing round led by private equity firm Digital Power Capital LLC. "We are thrilled...
Luna Innovations Awarded $4M in Nanotech Contracts
ROANOKE, Va., Jan. 22, 2007 -- Luna Innovations Inc., a developer of molecular technology and sensing solutions, has been awarded $4 million in US Air Force contracts for continued research and development of nanotechnology-enabled products, the company announced today. The...
LBO Secures $1M in Funding, Signs Licensing Agreement
Jan 2, 2007 — Light Blue Optics (LBO) of Cambridge, England, a developer of miniature laser projection technology, announced the closing of a $1 million extension to its seed funding round. Venture capital firm 3i plc led the round, which also included investment...
Phoseon Technology Secures $1.3M in Funding
Sep 15, 2006 — Phoseon Technology announced that it has closed a convertible note in excess of $1.3 million, bringing the total amount of funding raised to date to $9.2 million. The financing round closed Aug. 31, and included all of the existing venture...
Intel Sells Optical Components Biz for $115M
SANTA CLARA, Calif., Sept. 12, 2006 -- Intel Corp. announced yesterday it has sold its optical network components business to Cortina Systems Inc. for approximately $115 million. The transaction closed on Friday after completing regulatory review. The sale comes a week after Intel...
Kailight Photonics Funding Round Raises $4.5M for TASR Line
Jan 18, 2006 — DALLAS, Jan. 18, 2006 -- Kailight Photonics Inc., a developer of optical modules for the global telecommunications industry, announced today the first closing of its Series B funding round with an investment of $4.5 million, bringing the company’s...
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