Efficient light company, Luxim, raises $21M more
Luxim, a Sunnyvale, Calif. company that boats it produces one of the most efficient light sources on the globe — 144 lumens per watt — or almost twice as efficient as other sources, has raised $21 million more in financing, we’ve learned.
The money comes from leading Silicon Valley venture firm Sequoia Capital, as well as Crosslink Capital and DAG Ventures.
Lighting currently consumes almost a quarter of the world’s generated power, generating over 700 million tons of carbon dioxide. More efficient lighting is needed to fight global warming, and Luxim is the latest Silicon Valley company to help do that. Its powerful light sources target things like theatrical, architectural, street, retail and wider area lighting. It’s also used for medical and analytical instrument lighting, and also projection display.
Sequoia’s Pierre Lamond is on the board.
It’s LIFI technology combines solid-state electronics and full spectrum plasma emitters (see how it works here.) The company previously raised $40 million. We haven’t reported on this company before. It is four years old. Peter Rip, of Crosslink, confirmed the investment.
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About the Author, Matt Marshall
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.
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