July 26, 2011 – Marketwire — Nuventix, LED cooling technology developer, received capital from GE (NYSE:GE) and other investors. GE will also license Nuventix’s patent portfolio.
Nuventix raised $10 million in the investment round, which included GE Energy Financial Services (as part of GE’s ecomagination Challenge) and The Bergquist Company joining existing investors Braemar Energy Ventures, CenterPoint Ventures, InterWest Partners and Rho Ventures. Investments from each firm participating were not disclosed. The funding will support Nuventix’s global expansion and further development in its LED light cooling technology.
Nuventix technology moves air to cool LEDs using a single oscillating membrane, called a SynJet, rather than cooling fans. It can be integrated into LED lighting fixtures for spot, down, track and accent lighting. SynJet works with high-brightness light engines such as GE’s Infusion LED modules.
GE Lighting’s patent license will be applied to developing reliable, longer-lasting LED products and systems. Nuventix’s SynJet technology can make LED lights "brighter, longer-lasting and potentially cheaper," said Steve Briggs, vice president of marketing and product management at GE Lighting.
The argument for LED bulbs over traditional incandescents, as well as the methods for manufacturing and packaging LEDs, are covered in LEDs are fundamentally semiconductors, running up against fab and packaging issues, by Philips Lumileds
Learn more about Nuventix at www.nuventix.com