13 March 2012

LED phosphor maker Intematix receives $16.2m in funding for growth capital

Materials developer Intematix Corp of Fremont, CA, USA, which makes customizable, patented phosphors and remote phosphor components for LED lighting, has received $16.2m in funding from current investors Draper Fisher Jurvetson and Crosslink Capital as well as a new financial investor.

The firm plans to use the latest round of investment to continue tackling challenges for the LED industry through facility expansion, working capital and the development of its phosphor products and ChromaLit remote phosphor products.

“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,” says chief financial officer Maurice Carson.

While lighting LEDs have grown in efficiency they have faced challenges in color quality and thermal management in small form-factors, says Intematix. The firm says that its phosphors enable white light comparable to conventional sources, and 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,” comments board member Alain Harrus, a partner at Crosslink Capital.

Tags: Intematix White LEDs

Visit: www.intematix.com