Pixtronix, which makes low power displays for mobile devices, raises cash
Pixtronix , a Wilmington, Mass. maker of lower power displays for mobile devices, has raised an undisclosed amount of capital from DAG Ventures and existing bakers Atlas Venture and Kleiner Perkins Caufield & Byers.
New investors Gold Hill Capital and GF Private Equity Group LLC also participated, according to VentureWire (sub required):
The company’s technology, which is currently in development phase, uses digital micro shutters which open and close to allow pixel-sized combinations of red, yellow and blue lighting to be displayed on the screen. This saves power compared to traditional thin film transistor displays, which use white light, but filter out the unnecessary colors before the light reaches the display, [chief executive Nesbitt] Hagood said.
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Matt launched VentureBeat in September of 2006, with the realization that no one else was covering the entrepreneurial and tech innovation scene with the velocity or depth that he was. Prior to founding VentureBeat, he covered venture capital for the San Jose Mercury News from 2001 to 2006. In 2002, Matt was awarded "Journalist of the Year" by the Northern California Society of Professional Journalists. Prior to working at the Merc, he was a correspondent for the Wall Street Journal in Bonn, Germany from 1995 to 1998, and a writer for the Washington Post in 1994. Matt holds a PhD in Government and an MA in German and European Studies from Georgetown University. In addition to VentureBeat, Matt is also the Executive Producer of DEMO, the leading launchpad event for emerging technologies.
