Print
Email
Print Edition Stories
Stuart Garfield
MHT's Rodney Brown: App developers see opportunity in new iPhone
Breaking down the MIT $100K
MHT's Galen Moore: Two differing web-based news business models
Micro-display technology company Pixtronix Inc. has landed $2.7 million in new funding through a combination of debt and options placements, according to federal documents.
Andover-based Pixtronix reported nine investors in the new funding in its filing with the U.S. Securities and Exchange Commission. Prior to this funding, the company had raised a total of $31 million from two venture capital equity rounds, the most recent coming in June 2007. Investors in both rounds include Atlas Venture of Waltham and Kleiner Perkins Caufield & Byers of California.
Founded in 2005 by president and CTO Nesbitt Hagood, Pixtronix has developed micro-electromechanical systems (MEMS) display technology, as a way to improve the resolution and drastically reduce the power consumption of displays in mobile devices, according to officials. The company claims its displays can reduce power consumption in a handset by 75 percent.
In October of 2008, Pixtronix added Quantum Bridge Communications Inc. founder and former president and CEO Tony Zona to the post of CEO, and unveiled its first product, PerfectLight, publicly.
Comments
If you are commenting using a Facebook account, your profile information may be displayed with your comment depending on your privacy settings. By leaving the 'Post to Facebook' box selected, your comment will be published to your Facebook profile in addition to the space below.
RSS Feeds
