Efficient light company, Luxim, raises $21M more
Luxim, a Sunnyvale, Calif. company that boats it produces one of the most efficient light sources on the globe — 144 lumens per watt — or almost twice as efficient as other sources, has raised $21 million more in financing, we’ve learned.
The money comes from leading Silicon Valley venture firm Sequoia Capital, as well as Crosslink Capital and DAG Ventures.
Lighting currently consumes almost a quarter of the world’s generated power, generating over 700 million tons of carbon dioxide. More efficient lighting is needed to fight global warming, and Luxim is the latest Silicon Valley company to help do that. Its powerful light sources target things like theatrical, architectural, street, retail and wider area lighting. It’s also used for medical and analytical instrument lighting, and also projection display.
Sequoia’s Pierre Lamond is on the board.
It’s LIFI technology combines solid-state electronics and full spectrum plasma emitters (see how it works here.) The company previously raised $40 million.
About Sequoia Capital
Sequoia Capital provides venture capital funding to founders of startups who want to turn business ideas into companies. As the "Entrepreneurs Behind the Entrepreneurs", Sequoia Capital's Partners have worked with innovators such as Steve Jobs of Apple Computer, Larry Ellison of Oracle, Bob Swanson of Linear Technology, Sandy Lerner and Len Bozack of Cisco Systems, Dan Warmenhoven of Network Appliance, Jerry Yang and David Filo of Yahoo!, Jen-Hsun Huang of nVIDIA, Michael Marks of Flextronics, Larry Page and Sergey Brin of Google, Chad Hurley and Steve Chen of YouTube and Dominic Orr and Keerti Melkote of Aruba Wireless Networks. To learn more about Sequoia Capital visit www.sequoiacap.com.
Contact:
Pierre R. Lamond
SEQUOIA CAPITAL
lamond@sequoiacap.com
