Tuesday, July 19, 2011

Nuventix Raises $10M

Austin-based Nuventix, the developer of LED lighting technology, said today that it has raised $10M in a new investment round. The round came from The Bergquist Company and GE. Nuventix said the new funding will go towards global expansion and advancement of its technology. Nuventix is also backed by Braemar Energy Ventures, CenterPoint Ventures, InterWest Partners and Rho Ventures. Nuventix develops LED thermal management technology, used to cool LED light engines.