Luminus Devices, Inc., a developer and manufacturer of LED products, today announced the closing of a new round of financing of over $72 million.
The funding was led by Boston-based Braemar Energy Ventures and included a number of other funds, notably San Francisco-based CMEA Ventures and Washington, D.C.-based Paladin Capital Group. In addition, all of Luminus’ previous investors participated in the financing.
Luminus, which had been focused on light sources for the TV and display industry, said it is now targeting a broader array of applications for its PhlatLight LED technology.
The opportunities for solid-state lighting range from general commercial and consumer lighting to specialty applications such as medical, entertainment and homeland security, to name a few.
Luminus said it plans to use the capital to accelerate development of new products and expand into new lighting markets.
About Luminus Devices
Luminus Devices, Inc. develops and manufactures high performance solid state light sources for a variety of illumination applications, including high definition TVs, video projectors, avionics displays, and lighting systems. The company says its patented PhlatLight® (Photonic Lattice) LED products are enabling innovative products and applications never before possible. Luminus Devices’ headquarters and primary manufacturing facilities are located in Billerica, Massachusetts.
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