Hardware - Thursday, May 3, 2007
Israel's Oree Gets $7M For LED Tech
Israel-based Oree has raised $7M in Series A funding. Founded in 2003, but still in re-sales mode, the company sells optical packaging for the LED market. Genesis Partners led the deal and was joined by GIMV.
Oree is touting flexible, flat optical fiber as a replacement for back-light units in TVs and mobile phones. he technology promises to transmit better quality light, use less power and it can be molded into nearly any shape.
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