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Quanlight, an emerging LED (light-emitting diode) technology
company, recently announced a recent series A investment of $1
Million from Blackbird Ventures Inc., a private venture funding
group in San Diego. Neil Senturia, principal of Blackbird
Ventures, has joined the start-up as chief executive officer.
Quanlight anticipates closing its Series B round in the spring
of 2007.
Quanlight, founded in 2006 by two University of California San
Diego (UCSD) researchers who are leading experts on novel
material systems and semiconductor lighting, is commercializing
a new, patent-pending LED technology supporting the
yellow-amber-red (YAR) diode industry. Targeted to the signal,
signage, automotive, and theatrical/architectural lighting
markets, this new LED chip offers significant advantages in
price and performance over existing LED technology and is
expected to expand the market by enabling applications not
previously economically feasible. The size of the YAR LED market
is over $1 billion now and projected to be $2.3 billion by 2010.
“Quanlight has patented novel and new material science that
dramatically shifts the red LED market economics. When you can
deliver a chip several times brighter, that is truly disruptive
science,” said Senturia.
The co-founders, Dr. Vladimir Odnoblyudov and Dr. Charles W. Tu,
are both associated with the Jacobs School of Engineering at
UCSD. Quanlight has obtained an exclusive license from UCSD to
commercialize the technology. Odnoblyudov, chief technical
officer for Quanlight, received his Ph.D. in electrical
engineering in 2006 from UCSD. He is a renowned researcher in
semiconductor lighting and is expected to keep Quanlight at the
leading edge of lighting research. Tu, chief scientist and
advisory board member for the company, is associate dean and a
professor in the ECE department. He has been recognized
worldwide as an expert in new semiconductor materials and
devices.
Senturia is a successful entrepreneur with more than 25 years of
experience in founding and managing growth-oriented start-ups.
He has previously built and sold three successful high-tech
companies to large public companies.
Blackbird Ventures is a private, early-stage investment company
founded by Senturia and his wife, Barbara Bry, who are two of
San Diego’s most successful serial entrepreneurs. Launched in
2004, Blackbird’s mission is to identify and invest in companies
developing cutting-edge technologies.
For more information, see please visit:
www.quanlight.com |