Lumexis Corporation, a Costa Mesa, CA-based manufacturer of advanced In-flight Entertainment and Connectivity Systems, has secured a $15m investment led by the private equity fund management company, Perseus, L.L.C.
The investment agreement includes the option for an additional investment of up to $7.5m.
Existing investors PAR Capital Management and Zone Ventures participated in the financing round.
Lumexis also announced that it has been awarded a large order for its FTTS™ (Fiber To The Screen™) Audio-Video-On-Demand, In-Flight Entertainment Systems for installation on the new customer’s fleet of 737-family aircraft.
The FTTS™ system is based on new generation open software and hardware architectures. Data is transmitted from standard central servers via fiber optic cables that run directly to and from passenger screens, providing for super-high bandwidth, less weight and high reliability.