QD Vision raises $10 million for quantum-dot-based LED lighting and displays
QD Vision (Watertown, MA), developer of Quantum Light quantum-dot nanotechnology based products for solid-state lighting and displays, raised $10 million in financing from North Bridge Venture Partners, Highland Capital Partners, and In-Q-Tel.
This new round of funding will support the expansion of the first QD Vision Quantum Light products into the global solid-state lighting market, and continued advancements on a new generation of quantum dot-based LEDs and materials for high-resolution displays. Founded in 2004 by a research team from MIT, the financing brings to $30 million the total venture investment in QD Vision.
“QD Vision’s Quantum Light products unleash the power of quantum dots to deliver high quality light and color, and unlike other technologies, they concurrently reduce power consumption, and enable more cost-effective solutions for today’s LED-based lighting and display manufacturers,” said Daniel Button, CEO of QD Vision. “The vote of confidence and support from North Bridge, Highland and In-Q-Tel provides QD Vision the resources to meet the huge and growing demand for green-tech lighting and display solutions, which represent a multi-billion dollar global market opportunity.”
Since announcing its first product earlier this year--a Quantum Light optic for a new LED lamp developed by Nexxus Lighting that combines the warmth and color of incandescent bulbs with the efficiency of LED technology—QD Vision has seen a significant increase in interest from the lighting and display industry in its quantum dot technology. The Nexxus lamp featuring the Quantum Light optic is scheduled to ship in Q1 of 2010.
In November 2009, the New England Clean Energy Council named QD Vision the Emerging Company of the Year. On President Obama’s recent visit to MIT to give a major address on research and technology innovation, QD Vision’s technology was featured as a leading example of clean-tech research and development. In September 2009, the Wall Street Journal recognized QD Vision with a Technology innovation Award.
Gail Overton | Senior Editor (2004-2020)
Gail has more than 30 years of engineering, marketing, product management, and editorial experience in the photonics and optical communications industry. Before joining the staff at Laser Focus World in 2004, she held many product management and product marketing roles in the fiber-optics industry, most notably at Hughes (El Segundo, CA), GTE Labs (Waltham, MA), Corning (Corning, NY), Photon Kinetics (Beaverton, OR), and Newport Corporation (Irvine, CA). During her marketing career, Gail published articles in WDM Solutions and Sensors magazine and traveled internationally to conduct product and sales training. Gail received her BS degree in physics, with an emphasis in optics, from San Diego State University in San Diego, CA in May 1986.