Pixelligent raises $7.6M, adds strategic partners - Technical.ly Baltimore

Business

Apr. 18, 2018 9:54 am

Pixelligent raises $7.6M, adds strategic partners

The nanocrystal manufacturer received new investment from the Abell Foundation, and is working with Tokyo Ohka Kogyo Co. and Kateeva.
Inside Pixelligent’s manufacturing facility.

Inside Pixelligent's manufacturing facility.

(Courtesy photo)

Baltimore-based advanced materials manufacturer Pixelligent closed on $7.6 million in new funding, the company said.

The round was led by the Abell Foundation, which is a past investor in the company, as well as additional Baltimore investors such as TCP Venture Capital’s Propel Baltimore funds.

It also includes investments from a pair of strategic partners for the company, which manufactures nanocrystals dispersed in silicon to help more light shine through products such as electronic displays and lighting, among others. They are:

  • Tokyo Ohka Kogyo Co. (TOK), a Japanese advanced materials maufacturer which will offer Pixelligent with expertise in formulation that can help the company in product development.
  • Kateeva, a California-based developer of inkjet printing manufacturing equipment, which is a provider for the OLED and HD display market.

Both companies have been working with Pixelligent over recent months.

“Both of these companies are industry leaders in markets that are critically important to Pixelligent. Having companies of this caliber invest in, and partner with Pixelligent is a great validation of value we have created and the value we are delivering,” CEO Craig Bandes said in a statement.

Pixelligent, which is based near the border between Baltimore and Dundalk, also recently signed a partnership with optical lens maker Voxtel.

-30-
CONTRIBUTE TO THE
JOURNALISM FUND

Already a contributor? Sign in here
Connect with companies from the Technical.ly community
New call-to-action

Advertisement

MICA receives $5M to launch Ratcliffe Center for Creative Entrepreneurship

Columbia-based USRA’s robotics and space programming just got a boost

Summer dip: Maryland companies raised $142M in Q3

SPONSORED

Baltimore

Get to know SmartLogic’s culture of plants, podcasts and productive client relationships

Hunt Valley, MD

LawIQ

SOFTWARE ENGINEER – FULL TIME OPPORTUNITY

Apply Now

North Bethesda, MD

1776

Campus Manager – 1776 @ Greencourt Innovation Center

Apply Now

North Bethesda, MD

1776

Campus Director – 1776 @ Greencourt Innovation Center

Apply Now

IoT security startup ReFirm Labs raises $2M

University of Maryland awarded $200M for flu vaccine research

AgeneBio receives $3.4M for development of Alzheimer’s treatment

SPONSORED

Baltimore

Entrepreneurs, think it’s too early to engage a legal partner? It’s not.

Philadelphia OR Baltimore

Technically Media

Technical.ly Editorial Intern (Spring 2019)

Apply Now

Annapolis Junction, MD

Asymmetrik

FULL-STACK DEVELOPER

Apply Now

Annapolis Junction, MD

Asymmetrik

SOFTWARE ENGINEER

Apply Now

Sign-up for daily news updates from Technical.ly Baltimore

Do NOT follow this link or you will be banned from the site!