GE, Others Invest $10M in LED Cooling Tech Maker
AUSTIN, Texas, July 20, 2011 — Nuventix announced that GE has provided capital along with other investors and recently entered into a license agreement to access its patent portfolio.
GE Energy Financial Services, a unit of GE, and The Bergquist Co. joined existing investors Braemar Energy Ventures, CenterPoint Ventures, InterWest Partners and Rho Ventures to complete a $10 million investment round to fund Nuventix’s global expansion and technology advancements. GE’s investment was made as part of its ecomagination challenge, created to accelerate the deployment of innovative technologies through open collaboration and financial support.
The license agreement between GE Lighting and Nuventix complements GE’s efforts to develop reliable, longer-lasting LED products and systems. GE Lighting sees the Nuventix SynJet technology as an enabler of broader, faster LED module adoption.
Nuventix developed a method for moving air to cool LEDs using a single oscillating membrane, called SynJet, as an alternative to traditional fans. Lighting fixture companies can use the company’s technology for spot, down, track and accent lighting fixtures that also use high-brightness light engines such as GE’s Infusion LED modules.
The investment amount for each firm participating in the funding round was not disclosed.
Nuventix develops LED cooling technology for energy-efficient lighting.
For more information, visit: www.nuventix.com