Pixelligent Technologies, a Baltimore, MD-based producer of PixClear, the producer of nanocrystal dispersions for demanding applications in LED lighting, OLED Lighting, and Optical Coatings & Films markets, closed $3.4m 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.
Led by Craig Bandes, President & CEO, Pixelligent is an advanced materials company that is leveraging nanotechnology to deliver high index materials for Solid-State Lighting and Optical Components and Films applications. Its PixClear® zirconia dispersions can be incorporated into the most commonly used polymers, including silicones, acrylics, and epoxies all while using industry standard manufacturing processes.
To date, the company has raised over $26.0M in equity funding and has been awarded more than $12M in U.S. government grant programs.