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Color Kinetics receives $17M financing round

Posted: 02 Sep 2002 ?? ?Print Version ?Bookmark and Share

Keywords:LED displays? illumination technologies? white light? ip?

Color Kinetics Inc., a provider of LED-based illumination technologies, has completed a $17 million round of financing. The new investment will be used to extend the company's current business lines and leverage its IP to develop lighting solutions for the general market, including white light. Presently, the company's IP portfolio includes 11 issued U.S. and International Patents and over 90 patent filings.

"The continued support of all of our investors will enable us to move solidly into the general illumination market, capitalizing on the full potential of our technology and transporting illumination from the analog to the digital age," said Color Kinetics co-founder, chairman, and CEO George Mueller.

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