Thursday, May 17, 2012
Intematix receives $16.2 million in new funding round
Phosphor maker Intematix says it will use the new funding to expand facilities and continue to develop its product range.
Phosphor manufacturer Intematix has received $16.2 million in funding from current investors Draper Fisher Jurvetson and Crosslink Capital, as well as from a new investor.
Fremont, California-based Intematix plans to use the latest round for facility expansion, working capital and development of its phosphor products and ChromaLit remote-phosphor products.
“LED technology is the future of lighting, and Intematix’s phosphors and remote phosphors are key components to making this possible,” said Maurice Carson, the company’s CFO. “This investment further enables Intematix to continue its growth trajectory as it addresses the light quality needs required by the general lighting and display markets.”
Intematix says that its phosphors enable white light that is “comparable to conventional sources,” while its ChromaLit remote-phosphor systems “have shown more efficient cooling leading to compact light-bulb solutions.”
“Intematix is a key provider of the light quality needed for general adoption of LEDs in lighting,” said Alain Harrus, board member of Intematix and partner at Crosslink Capital. “Intematix is extremely well-positioned to advance solid-state lighting technology across the world, and to benefit from the current intense market focus on quality of light.”