Pixelligent Technologies, a Baltimore, MD-based producer of a product family of nanocrystal dispersions for demanding applications in the electronics, semiconductor, and industrial markets, raised $5.1m in a new equity funding.
This round was led by existing investor the Abell Foundation.
The company intends to use the funds to accelerate the scaling-up of its manufacturing capacity (in Baltimore, Pennsylvania, and Delaware) and to hire application, engineering, and business development focused employees.
Led by Craig Bandes, President & CEO, Pixelligent Technologies manufactures Zirconia and Hafnia nanocrystal additives and polymer nanocomposites for the electronics and semiconductor markets. The company recently launched PixClear™, its first product family of nanocrystal dispersions.