Syndiant, maker of pico-projector chips, raises $10.7M
Dallas-based Syndiant, which makes chips that will be used to put video projectors into mobile handsets, has secured a second round of funding totaling $10.7 million.
Syndiant is still ramping up to volume production, but has met the major milestones to which it committed in order to secure funding from the TETF. Its chips will enable light projectors to be built into cellphones, game consoles, cameras, laptops and other consumer electronics.
The Texas Emerging Technology Fund added to its first-round investment for a total of $3.5 million. The rest came from private investors.
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About the Author, Paul Boutin
Paul (paul@venturebeat.com) covers Apple & the iPhone, social networks & social media, digital music & video, and any crazy Internet story. Paul wrote and edited for Valleywag from 2006-2008, after several years with Wired magazine and Slate. He writes regularly for The New York Times' technology section and sometimes for Wired and The Wall Street Journal. He studied computer science at MIT in the early 1980s, and worked as a software developer and network administrator for 15 years before becoming a professional writer. Follow him on Twitter at @paulboutin, and follow VentureBeat on Twitter at @venturebeat.
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