Luminus Devices, Inc., a Billerica, Massachusetts-based designer, developer and manufacturer of high performance solid-state light sources for a variety of lighting applications, closed its round of funding totaling $19m.
The round was led by existing investors Argonaut Private Equity, Braemar Energy Ventures, Paladin Capital Group and Stata Venture Partners.
This investment funds an operating plan aimed to increase profitability, maintain minimal debt, support growth and the expansion of Luminus’ products and applications.
Designed to provide an ultra-bright, reliable light source, Luminus’ PhlatLight LEDs are currently used by some of the world’s largest companies, including Acer, LG, Philips Vari*Lite, Sony, Samsung and Toshiba.
Luminus’ displays are being used in every projection platform technology, including DLP, 3LCD and LCOS.
The company operates a compound semiconductor fabrication facility in Woburn, MA.