Major Investment Institutions Invest $13 Million in Series B Funding for Laser Light Engines

Based in Salem, New Hampshire, a leading developer and manufacture of laser light display technologies, Laser Light Engines has announced that on September 21, 2010 it has secured $13 million in series B funding from major venture capital and strategic corporate investment institutions. Some of the key investors involved in this funding round include the company’s returning investors, Braemer Energy Ventures and Harris & Harris Group along with the strategic corporate investment arm of IMAX Corporation, one of the worlds leaders in entertainment technology.

Laser Light Engines is a company that develops and manufactures laser light projectors which have controllable lighting and color for illumination projections used worldwide. One mere example of what products that Laser Light Engines offers to its customers include projection systems that use high quality laser light to ensure brightness and crispness in images. Furthermore, what is unique in the company’s product is that in combines laser technology with fiber optics, nonlinear optics, and polarized diffraction and light with no heat. Furthermore, what makes this technology stand out from the crowd is that it combines high power with energy efficiency.

According to the CEO of Laser Light Engines, Doug Darrow, with the cinema industry looking to meet the demands for 3D film and digital cinema companies looking for projectors which can show a high definition and crisp picture which is both sharp, realistic and bright. Furthermore, the lighting in current projectors, such as xenon and halogen lamps produce too much heat or pose issues with brightness needed for 3D film projection. The use of laser light can resolve both of these issues. Mr. Darrow further added that with important investors on board, such as Braemer Energy Ventures, Harris & Harris Group, and IMAX Corporation will help grow the business. Furthermore, Laser Light Engines is also looking for more strategic corporate investors to add to its list.

Braemer Energy Ventures is a venture capital firm that primarily funds early stage and startup companies who are in the energy and technology industries. Currently the firm has over 50 investments and has offices in both New York and Boston. Some other companies in Braemer Energy Ventures portfolio include Power Genix, CoalTek, Afina, GridNet, A123 Systems, Proterro, Convey, and others.

Harris & Harris Group is a venture capital company that is publicly traded and primarily invests in the nano tech industry. Some other companies in Harris & Harris Group’s portfolio include Kovio, Mersana, Polatus, Questech, and others.

IMAX Corporation is the creator of the famous 3D IMAX films which gives the viewers the sensation of movement and real life feel. IMAX has transformed the motion picture industry with its real-life affects films. Beginning first in some of the most famous museums such as the Smithsonian Air and Space Museum in Washington, DC and in the Museum of Science and Industry in Chicago, Illinois. Since then, IMAX has led the markets for real-life 3D filming with IMAX projectors being placed in many movie theaters which cater to the entertainment industry.