Material discovery expert, Intematix Corp, best known for its solid state lighting and display phosphors, recently announced that it has raised $16.5 Million in a series C venture capital financing round led by Crosslink Capital and Samsung Ventures. Additional series participants include new investor Sumitomo Corporation subsidiary Presidio STX, and existing investors Draper Fisher Jurvetson, East Gate Capital and Pacifica Fund.

The company announced that the funding will be used for product line and market expansion, as well as intensified materials research and development at the company’s headquarters in California’s Silicon Valley.

“We’ve experienced a 300% increase in our phosphor revenues alone from last year to this, quickly establishing Intematix as the leading supplier of merchant phosphor solutions to the solid state lighting industry. That kind of profitable growth is providing the company with remarkable leverage across all of its material discovery fronts,” commented Intematix CEO Magnus Ryde.

Intematix’ lead investors Dave Epstein, general partner of Crosslink Capital and Jay Eum, managing director of Samsung Ventures America, have made it clear by this investment that they recognize the world-changing impact that is being predicted for the LED and solid state lighting industries.

“We analyzed the LED and SSL industries long and hard to identify the key growth opportunities, and concluded that the unique material technologies inside the devices are very attractive areas for investment,” explained Mr. Epstein of Crosslink. “In Intematix, we see a company that is positioned for the kind of materials discovery that enables the geometric technology progress predicted by Moore’s and Haitz’s Laws.”

According to Samsung Ventures America’s Mr. Eum, "SVIC consistently focuses on companies that we expect will not only reward our investors with financial returns, but that will also provide them with technological returns that compliment their individual business models. We're very excited about the opportunities for Intematix in the SSL and display markets where we foresee major growth for years to come." Mr. Eum added, "The fact that Intematix is additionally positioned for wider-reaching material breakthroughs just strengthens the business case."

Intematix CEO Ryde concluded, “It is an honor to partner with visionaries of the type represented by Dave Epstein and Jay Eum, and their organizations. When the available resources, technology portfolio and market potential converge, as they have here with Intematix, we can all look forward to the rapid revenue growth that results.”

For more information, please visit: www.intematix.com