Solid-state lighting, which uses semiconductor technology, has been a bright spot of venture funding recently. Earlier this month, startups Group IV Semiconductor and BridgeLux both raised money. This morning solid-state illumination startup Collinear confirmed with us that it has raised $3.1 million in a series B round from Tallwood Venture Capital and Allegis Capital.
PEHub first reported the funding and we just chatted with Collinear’s CEO Syrus Ziai, who confirmed the investment. The Santa Clara, Calif-based company was founded in December 2004, and uses semiconductor lasers to make illumination technology for applications like laser-TV projection systems. Ziai was quiet on the company’s future plans, and said his company is in “stealth mode.”