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Syndiant extended its B round, which was announced in August 2009 at $10.7 million. The funds, from private investors and the Texas Emerging Technology Fund, enable Syndiant to accelerate its mass production ramp and product development roadmap.
Syndiant has raised a total of $23.9 million, including the $4.4 million, mainly from individual investors since its founding in 2004.
Syndiant manufactures the world's smallest and highest resolution light modulating chips used in ultra-portable projectors small enough to embed in a cell phone. Syndiant's patented technologies will provide a large screen experience in handheld electronics, such as smartphones, notebook computers, portable media players, video game consoles and cameras. The company is headquartered in Dallas, with a branch office in Taiwan.
In January this year, Syndiant and Foryou Multimedia Electronics Co. Ltd., showed a prototype 1024x600 pixel accessory pico projector at CES. The shirt-pocket sized prototype was jointly developed with Hong Kong's ASTRI R&D labs.
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Contact:
Mark Harward, CEO, Syndiant, www.syndiant.com