LED maker Bridgelux secures $40 million

April 8, 2008, Sunnyvale, CA--Bridgelux, a supplier of energy-saving light-emitting diode (LED) technology for high-volume, solid-state lighting markets, completed its latest round of financing, totaling approximately $40 million ($30 million of private equity investment and approximately $10 million of bank lines of credit). The funding allows Bridgelux to pursue its strategy for product development and market expansion, while continuing to drive research and development activities.

This financing round was led by new investor VentureTech Alliance, while existing investors DCM, El Dorado Ventures, VantagePoint, Chrysalix Energy Venture Capital and Harris & Harris Group participated with follow-on investments.

Market research firm Strategies Unlimited (Mountain View, CA) is forecasting a compounded annual growth rate (CAGR) of 20% over the next five years for the LED market. High-brightness LEDs alone are projected to grow by 12% in just 2008, while new market opportunities also emerge around display backlighting, camera flash, architectural lighting, task lighting, commercial and other general lighting applications. As a result of these burgeoning market segments and related applications, the overall market is expected to reach a total size of $11.4 billion by 2012.

Bridgelux CEO Mark Swoboda said, "At Bridgelux, our capabilities in gallium nitride epitaxy growth processes, device structures and chip designs, coupled with our market knowledge, has enabled us to quickly become a leader in the high-power LED industry. This latest round of funding is an additional vote of confidence in our underlying business strategy and technology, which will enable us to rapidly expand beyond our LED chip product offerings and move aggressively into LED lighting products, expanding our market reach."

For more information, visit www.bridgelux.com.

50 YEARS OF SOLID-STATE LASERS


A long way from the ruby laser

Most Popular Articles

Webcasts

Ray Optics Simulations with COMSOL Multiphysics

The Ray Optics Module can be used to simulate electromagnetic wave propagation when the wavelength is much smaller than the smallest geometric entity in the ...

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...
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