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.
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.
VentureBeatVentureBeat's mission is to be a digital town square for technical decision-makers to gain knowledge about transformative technology and transact. Our site delivers essential information on data technologies and strategies to guide you as you lead your organizations. We invite you to become a member of our community, to access:
- up-to-date information on the subjects of interest to you
- our newsletters
- gated thought-leader content and discounted access to our prized events, such as Transform 2021: Learn More
- networking features, and more