Print
Email
Print Edition StoriesTuesday, December 1, 2009
Laser Light lands $2M in debt funding
By Mass High Tech staff
MHT's Galen Moore: Charity reseller takes sting out of overpriced tickets
The Murphy brothers' software-selling family tree
Making Mass. a mini-Hollywood: Efrain Viscarolasaga on NECN
Laser Light Engines, a Salem, N.H.-based developer and manufacturer of ultra-high brightness, laser-driven light sources aimed at the cinema market, has taken on $2 million of a proposed $4 million debt funding round, a federal filing showed.
While the backers of the round were not identified, the filing with the U.S. Securities and Exchange Commission notes that there were two investors. The company states on its website it is backed by Braemar Energy Ventures in Boston and Harris & Harris Group of New York. Jiong Ma of Braemar and Michael Janse of Harris & Harris are listed as board members of the company.
In mid-November, Laser Light Engines hired Doug Darrow, former general manager of Texas Instruments’ DLP Cinema Division, to serve as chief executive officer. Darrow succeeds Bill Beck, Laser Light Engines’ co-founder, who will remain active in the company as executive vice president, business development. Prior to joining Laser Light Engines, Darrow spent 23 years with Texas Instruments.
In May of 2008, the year it was founded, Laser Light landed $5 million in its first institutional round, according to federal documents. The company did not return calls for comment.
According to company officials, Laser Light Engines is developing LED light sources for 2-D and 3-D digital cinema and other large venue projectors. The company’s light sources will have three to five times the brightness, 100 times the life and half the power consumption of the current movie standard, arc lamps, officials say.
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
