LED technology provider Puri new round of financing $40 million

Recently, Puri (BridgELux, Inc.) Au Optronics Co announced that has completed approximately $40 million gross for the latest round of financing, including private equity investment of $30 million, bank credit loans of about $10 million.

This round of financing by the new investor VentureTech Alliance led to complete, the existing investors DCM El, Dorado Ventures, VantagePoint Chrysalix, Energy Venture and Capital Harris & Harris Group also participated in the follow-up investment.

Mark Swoboda, chief executive of Bridgelux said, Bridgelux not only has strong technical strength in the structure of the equipment and chip design of Gan epitaxial technology, but also have rich knowledge of the market, this is the company to become the market leader in high power LED capital. The latest round of financing reflects the company's confidence in its business strategy and technology, and this will enable the company to further increase the output of LED chips, the company's share of the company's LED lighting market.

Is a high brightness, solid state lighting market, LED technology suppliers. The financing, allowing Bridgelux to continue its R & D activities at the same time, it can promote its expansion of production lines and market expansion strategy.

Source: LEDinside