Pixelligent Technologies, a Baltimore, MD-based developer of high-index advanced materials for Solid State Lighting and Display applications and producer of PixClear® products, closed $10.4m in 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.
The company, which has raised over $36.0M in equity funding, intends to capital the funds to complete the installation of additional manufacturing capacity, open new offices in Asia, and continue to drive innovation in lighting, display and optical applications.
Led by Craig Bandes, President & CEO, Pixelligent Technologies is an advanced materials manufacturer that leverages nanomaterials to develop dispersion technology for next generation products in solid state lighting, display, and optical coatings and films applications. The company’s 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.