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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