Photo credit: Nuventix
Austin, Texas – Nuventix
, an Austin-based developer of cooling technology for light emitting diodes (LEDs), has raised $10 million in a round of venture capital led by GE,
with additional participation from The Bergquist Co., Braemar Energy Ventures, CenterPoint Ventures, InterWest Partners
and Rho Ventures
Founded in 2003, Nuventix has developed a method for moving air to cool LEDs—thus preventing quick burnout—using a single oscillating membrane, as an alternative to traditional fans. Lighting fixture companies can use Nuventix’s technology for spot, down, track and accent lighting fixtures that also use high-brightness light engines such as GE’s Infusion LED modules.
In conjunction with the investment, GE and Nuventix have signed a license agreement that supports GE’s effort to develop reliable, longer-lasting LED products and systems. “Nuventix’s technology can improve the quality of LED lights by making them brighter, longer-lasting and potentially cheaper,” said Steve Briggs, vice president of marketing and product management at GE Lighting, in an announcement.
“The market for LED lighting is growing as businesses and consumers prefer its energy-efficient, longer-lasting features over legacy technologies that cost more to run and maintain,” according to the announcement
GE made the investment under its ecomagination Challenge program, which is intended to accelerate the deployment of new energy saving technologies through open collaboration and financial support.
GE Energy Financial Services website