« Biz Angels Backing German Slide.com Clone Imageloop | Main | alarm:clock euro Puzzler »
December 18, 2006
Video Projector Startup Adds €1M To Seed Round For Speed
Light Blue Optics, a two year old UK company developing the optical gadgetry and software to enable things like using the mobilephone as a tv projector (image right sourced from company presentation) has tapped 3i for another €1M bringing its seed round to €3.5M. The money is to be used to "acclerate" product development.
The company has also acquired a "key" patent for its product line from Uni Cambridge.
3i does not do a lot of very early stage rounds, so when it does we take a second look. Light Blue Optics has been mentioned in the trade press a bit and Electronics Weekly reports it has seen a demo, saying that the prototype of a full colour projector does what it claims, although laser speckles are still an issue. The article did add that the company is working on the software to alleviate the speckling.
Read - Light Blue Optics Shows Hologram (electronics weekly)
Read - press rel
Posted on December 18, 2006 01:48 PM | Posted to News And Updates | Permalink
Trackback Pings
TrackBack URL for this entry:
http://www.thealarmclock.com/mt/mt-tb.cgi/2672
