The LED technology developer, based on research conducted at Yale University, has raised $5m from investors led by Leyard.
Saphlux, a LED technology spinout of Yale University, has obtained $5m in funding from a consortium led by Leyard, an outdoor LED display producer, with a $3.5m commitment.
Blockchain platform NXT, ZhenFund and Elm Street Ventures provided the remaining $1.5m.
Founded in 2014, Saphlux is developing low-cost, high-efficiency and high-power LEDs and lasers that are compatible with most existing applications.
The company was co-founded by professor Jung Han, professor of electrical engineering and chair of Yale’s Electrical Engineering Department, and…
