This morning LED maker Luminus said it has raised a whopping $72 million for its PhlatLight LED products, which are primarily used for flat-panel displays, while Dutch display maker Liquavista said it has raised €8 million (or $12.6 million) in a Series B round. The company claims its bright displays, found in portable electronics, use a fraction of the energy that LCDs use.
Screens, whether in our living rooms, our back pockets or our office cubicles, are becoming an increasingly large part of our daily lives. But at the same time, consumers and companies are becoming more concerned over power consumption and the energy efficiency of our electronics. Not just to reduce carbon emissions and fight global warming, but also to cut our energy bills and increase the battery life of our mobile gadgets.