Bridgelux has raised $15 million in venture capital financing. Investors include VantagePoint Capital Partners, DCM, El Dorado Ventures, Novus Energy Partners, Chrysalix, Harris & Harris Group, Craton Equity Partners, Jebsen Asset Management, and Passport Capital.
The funding will further boost research, development and scaling of the company’s leading position in GaN-on-Silicon LED chip technologies, targeted for commercialization in 2013. The company is a leading developer and manufacturer of LED lighting technologies and solutions. The market for these solid state solutions is expected to expand from $3 billion in 2011 to more than $25 billion in 2015.
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