Pixelligent Technologies, producer of PixClear^®, the leading producer of nanocrystal dispersions for demanding applications in LED lighting, OLED Lighting, and Optical Coatings and Films markets, announced today that it closed US $3.4 million in new funding. The funds will be used to support accelerating customer growth throughout the world and to increase its manufacturing capacity to 40+ tons per year starting in 2016.

“Pixelligent continues to realize increased demand for its nanocrystal dispersions, predominantly driven by the leading LED package manufacturers and the leading OLED lighting producers. Pixelligent’s high-index and transparent zirconia nanocrystals are considered the best in the world by numerous experts and are becoming increasingly important in delivering more light from next generation Solid State Lighting as well as additional efficiencies in Display applications,” said Craig Bandes, President and CEO of Pixelligent.

To date, Pixelligent has raised over $26.0 million in equity funding and has been awarded more than $12 million in U.S. government grant programs.