Pixelligent Closes $10.4 Million in Funding

Pixelligent Technologies, the leader in high-index advanced materials for Solid State Lighting and Display applications and producer of PixClear® products, announced that it closed US $10.4 million in new funding. The round was led by The Abell Foundation, The Bunting Family Office, and David Testa, the former Chief Investment Officer of T. Rowe Price. Funds will be used to complete the installation of additional manufacturing capacity, open new offices in Asia, and continue to drive innovation in lighting, display and optical applications.

To date Pixelligent has raised over $36.0 million in equity funding and has been awarded more than $12 million in U.S. government grant programs to support the development of its proprietary PixClear® products and PixClearProcess™. The Pixelligent nanotechnology platform includes proprietary nanocrystal synthesis, capping technology, high volume manufacturing and application engineering that supports ink jet, slot die, UV curing, spray coating, and numerous other manufacturing processes.

Pixelligent logo. (Pixelligent/LEDinside)

"We have clearly established Pixelligent as the leading high-index materials manufacturer for demanding solid state lighting and OLED display applications throughout the world. Pixelligent is partnering with leading advanced materials suppliers to deliver breakthrough performance that currently spans applications in 12 discrete markets including: lighting, displays, printed and flexible electronics, AR/VR, optically clear adhesives, MEMS, gradient index lenses, and others with a combined total over $9B in market opportunities. We have numerous commercial applications currently in the market and expect additional product introductions before the end of 2016," said Craig Bandes, President & CEO of Pixelligent Technologies.

"We started our partnership with Pixelligent in 2011 when the company relocated to Baltimore City and have seen the company achieve all of their critical technology and manufacturing milestones, while establishing a global brand and presence. Our investment objective is to support leading edge companies that deliver breakthrough technology and products and create jobs in our local community. Pixelligent is at the forefront in delivering on the promise of the nanotechnology revolution. We are proud of what the team at Pixelligent has accomplished to date and we look forward to their continued growth and success," said Eileen O'Rourke, CFO of The Abell Foundation.

Disclaimers of Warranties
1. The website does not warrant the following:
1.1 The services from the website meets your requirement;
1.2 The accuracy, completeness, or timeliness of the service;
1.3 The accuracy, reliability of conclusions drawn from using the service;
1.4 The accuracy, completeness, or timeliness, or security of any information that you download from the website
2. The services provided by the website is intended for your reference only. The website shall be not be responsible for investment decisions, damages, or other losses resulting from use of the website or the information contained therein<

Proprietary Rights
You may not reproduce, modify, create derivative works from, display, perform, publish, distribute, disseminate, broadcast or circulate to any third party, any materials contained on the services without the express prior written consent of the website or its legal owner.