Monday, April 20, 2009

Luxim Lights Up With $12M

Sunnyvale-based LUXIM, a developer of solid-state, plasma lighting systems, said last week that it has raised $12M in a Series C funding round. The round came from its existing investors, which include Sequoia Capital. Sequoia's Michael Moritz joins the firm's board of directors as Chairman, as part of the funding deal. According to Luxim, the funding will support expansion to meet market demand for its products. More information »