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.

Get All the Laser Focus World News Delivered to Your Inbox

Subscribe to Laser Focus World Magazine or email newsletter today at no cost and receive the latest news and information.

 Subscribe Now

Most Popular Articles

Webcasts

Mid-infrared lasers in remote chemical sensing – from stand-off detection to atmospheric sounding

In this webcast, Gerard Wysocki of MIRTHE will discuss the unique remote-sensing capabilities enabled by modern mid-infrared (mid-IR) lasers and novel spectr...

Femtosecond Lasers – Getting the Photons to the Work Area

Ultrashort-pulse lasers, both picosecond and femtosecond, are now available from a large number of manufacturers, with new players entering the field at a ra...
White Papers

High-Power Diode Lasers under External Optical Feedback

We carried out a comprehensive study on single emitters with different antireflection (AR) coatin...

LED Reflector and Lens Simulation using TracePro® Illumination Design and Analysis Software

TracePro® allows users to design, analyze, and optimize LED lighting systems using software simul...

Degradation studies of a VECSEL gain structure using a stable green pump laser

The degradation of the gain structure of a red-emitting Optically Pumped Semiconductor (OPS) Vert...
Technical Digests
There is no current content available.

Click here to have your products listed in the Laser Focus World Buyers Guide.

PRESS RELEASES

Social Activity
  •  
  •  
  •  
  •  
Copyright © 2007-2014. PennWell Corporation, Tulsa, OK. All Rights Reserved. PRIVACY POLICY | TERMS AND CONDITIONS