Redwood Systems gets $4M for commercial building LEDs
Redwood Systems, a Danville, Calif.-based firm that wants to help businesses conserve energy by converting to LED lighting, has raised $4 million in first round funding, according to PEHub.
While compact fluorescent lightbulbs (or CFLs, as they’re more commonly known) are a major improvement over incandescents, most analysts and building experts believe LEDs are the future of energy-efficient lighting. And if VC investments are any indication, then it looks as though that transition could be coming… Continue Reading
Luminus Devices raises $72M for LED manufacturing
In a sign of the maturation of the LED market, Luminus Devices has taken a meaty $72 million round to manufacture lights for a number of new consumer and commercial markets.
Luminus has made LEDs –which some say will be soon dominate lighting — for the display market, including televisions and monitors. However, the company will now begin making its “PlhatLight” LED for general-purpose lighting and several specialized applications like medical lighting.
One reason the financing is… Continue Reading