QD Vision raises In-Q-Tel funding for nanoscale LED tech
Yet another funding has joined the recent flood of interest in LEDs, with a Watertown, Mass. company taking an undisclosed amount for a “quantum dot” technology that can be applied to LED manufacturing, according to Xconomy.
QD Vision is using nanotechnology licensed from the Massachusetts Institute of Technology to boost efficiency, while simultaneously improving the color range the lights can emit when used in video displays. It hasn’t yet released a product.
The provider of the funding was In-Q-Tel, the venture investing division of the CIA. The amount was not disclosed, but QD told Xconomy its total funding from government sources was up to $5 million. The company previously raised a $7 million second round from Highland Capital Partners and North Bridge Venture Partners.
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About the Author, Chris Morrison
Chris Morrison writes about cleantech and environmental issues for VentureBeat, with occasional forays into gaming and semantic technology. He got his start writing about tech for Business 2.0 magazine, but quickly realized new media was the ticket when that institution closed its doors in 2007. Chris has also covered public equities and regulatory issues. He originally hails from southern Virginia, graduated from Evergreen State College in Washington, and now lives in San Francisco.