Luminus gets $38 million in venture financing

May 2, 2006, Woburn, MA--Luminus Devices, which has developed and commercialized a photonic-lattice light source, has closed approximately $38 million in new venture financing.

Participants in the round include Luminus' current investors Battery Venture Partners, Argonaut Private Equity, Stata Venture Partners, Draper Fisher Jurvetson, DFJ-New England and Eastward Capital, plus several new investors. Luminus will use the investment to expand capacity and its PhlatLight product line.

"With this investment, our team of investors has continued to demonstrate their confidence in the direction Luminus is headed," said Udi Meirav, CEO of Luminus Devices, Inc. "We are tremendously encouraged by the level of interest in our PhlatLight technology and the opportunity this investment has afforded us to meet our customers' demand. This puts Luminus in a superb position to begin capturing the value we have been working to create since our inception."

The company's PhlatLight technology is a new type of light-emitting-diode (LED) emitter based on photonic-lattice structures. One of the biggest problems with conventional LEDs is the poor light-extraction efficiency of the high-refrective-index semiconductor light-emitting material.Many approaches to higher light-extraction efficiency are based on texturing the texture of the semiconductor; Luminus has taken this approach to the extreme by creating a photonic lattice, which has features on the order of or smaller than the wavelength of the light emitted.This structure allows for greater control of the light propagation through, and extraction from, the LED.The LED market is growing to fill needs for backlighting in displays, as well as general illumination; Luminus is aiming at this large market.

PhlatLight chipsets are currently in production. Several notable consumer electronics brands, including Samsung Electronics, have incorporated PhlatLight technology into their products and many others are designing new products based on Luminus' PhlatLight chipsets.

50 YEARS OF SOLID-STATE LASERS


A long way from the ruby laser

Most Popular Articles

Webcasts

Multichannel Spectroscopy: Technology and Applications

This webcast, sponsored by Hamamatsu, highlights some of the photonic technology used in spectroscopy, and the resulting applications.

Handheld Spectrometers

Spectroscopy is a powerful and versatile tool that traditionally often required a large and bulky instrument. The combination of compact optics and modern pa...

Fracking, climate change, and lasers:  new tools to reduce fugitive methane emissions

This webcast, sponsored by Hamamatsu Corporation, covers recent developments and field deployments of compact quantum-cascade-laser (QCL)-based methane senso...

Opportunities in the Mid-IR

The technology for exploiting the mid-IR is developing rapidly:  it includes quantum-cascade lasers and other sources, spectroscopic instruments of many...
White Papers

Narrow-line fiber-coupled modules for DPAL pumping

A new series of fiber coupled diode laser modules optimized for DPAL pumping is presented, featur...

Accurate LED Source Modeling Using TracePro

Modern optical modeling programs allow product design engineers to create, analyze, and optimize ...

Optical Isolators Improve Engraving Performance of Pulsed Fiber Lasers

The deleterious effects of back reflections on pulsed fiber lasers used in marking and engraving ...
Technical Digests

ADHESIVES, SEALANTS, AND COATINGS: Solutions for optical technologies

A vast array of optical systems of various types and degrees of complexity require the use of adh...

WAVELENGTH-SWEPT LASERS: Dispersion-tuned fiber laser sweeps over a 140 nm range for OCT

By eliminating the use of mechanical tunable filters and instead tuning by intensity-modulation i...

Keeping pace with developments in photonic materials research

For demanding or custom spectroscopy solutions, care must be taken in selecting and integrating a...

HIGH-POWER FIBER LASERS: Working in the kilowatt regime

High-power materials-processing fiber lasers are available in an increasing variety of forms, as ...

Click here to have your products listed in the Laser Focus World Buyers Guide.
Social Activity
  •  
  •  
  •  
  •  
  •  
Copyright © 2007-2014. PennWell Corporation, Tulsa, OK. All Rights Reserved.PRIVACY POLICY | TERMS AND CONDITIONS