Hardware - Wednesday, November 22, 2006
Intematix Funded For Haitz's Law
Haitz's Law is the LED equivalent of Moore's Law, which has accurately predicted a doubling of LED brightness every 18 to 24 months.
Intematix is one of the start-ups pushing Haitz's Law and it has raised $16.5M in its series C. Crosslink Capital and Samsung Ventures led the investment in the Fremont company. Presidio STX, a unit of Sumitomo, also gave money as a new investor. Draper Fisher Jurvetson, East Gate Capital and Pacifica Fund - investors from earlier rounds were in as well.
Intematix's CEO says they are doing a 300% increase in our phosphor revenues alone from last year to this. Intematix is pushing the envelope thanks to Intematix' materials discovery engine. They claim this secret sauce, rapid prototyping engine synthesizes very large numbers of material combinations.
View site.
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