Color Kinetics Inc (CKI) has announced the completion of a $17million round of financing. In addition to a major worldwide consumer products company and a leading advanced semiconductor company, this financing round features participation from both existing and new investors, say CKI, and positions the company for growth, leadership and market competitiveness in the $40+ billion global illumination market.

The company’s flagship line of technologies, which are used today in a variety of commercial and consumer applications, leverage a patented layer of digital intelligence called Chromacore to control LEDs, generating millions of colours and a variety of lighting effects. The company says the new investment will be used to extend the company’s current business lines and leverage its wide-ranging intellectual property to develop solid-state lighting solutions for the general market, including intelligent white light. CKI is committed to vigorously extending and defending this growing intellectual property portfolio, which today includes 11 issued US and International Patents and over 90 patent filings.

(Lee Baldock)


Latest Issue. . .

Save
Cookies user preferences
We use cookies to ensure you to get the best experience on our website. If you decline the use of cookies, this website may not function as expected.
Accept all
Decline all
Analytics
Tools used to analyze the data to measure the effectiveness of a website and to understand how it works.
Google Analytics
Accept
Decline
Advertisement
If you accept, the ads on the page will be adapted to your preferences.
Google Ad
Accept
Decline