Nuventix Secures $10 Million
July 19, 2011
For Immediate Release
Funding to Support Global Growth Plan of LED Thermal Management Specialist
AUSTIN, Texas (July 19, 2011) — Nuventix, creator of SynJet® thermal management technology, announced today that The Bergquist Company and GE (NYSE: GE) have contributed to a $10 million round of investment in the company which began earlier this year. The two new investors join Braemar Energy Ventures, CenterPoint Ventures, InterWest Partners and Rho Ventures in support of the fast-growing company. The funds will be used to support global expansion, and advancement of next generation SynJet cooling for LED lighting and electronics.
“We are very excited about the opportunity to invest in Nuventix,” said Jim Plewacki, CFO, Bergquist. “SynJet technology is the only credible active cooling alternative to fans, making it a high potential thermal solution for not only high brightness LEDs, but also electronics and telecommunications.”
Nuventix’ SynJet modules are currently utilized by leading LED lighting manufacturers to cool high brightness LED lights. SynJet technology is quiet, flexible and allows designers and manufacturers to build energy efficient lighting solutions without thermal constraints. In addition to reducing energy consumption, SynJet technology also ensures LED light engines run brighter and longer, up to 100,000 hours, providing the end user with better quality, longer-lasting and more cost efficient bulbs and fixtures.
The same efficiencies provided to LED light engines can also be realized by embedded computing electronics, from server rooms to set-top boxes and beyond, with the SynJet thermal management system.
“This funding will power both our global expansion and technology growth as we continue to advance SynJet technology for use in LED lighting and electronics,“ said Jim Balthazar, CEO and president of Nuventix. “We firmly believe SynJet technology is the best way to cool down hot electronics reliably, efficiently, quietly, and in the form factors designers want. With Bergquist and GE, we’ll continue to lead the market.”
About Nuventix
Nuventix is the company that cools, providing the only process using synthetic jets to answer the growing problem of thermal management in electronics. From chips in LED lighting to embedded computing and beyond, the Nuventix SynJet offers a reliable, quiet and energy efficient cooling solution in a variety of sizes and form factors. Nuventix, with its innovative and award-winning SynJet technology product line, has been solving thermal management problems for customers around the world since 2003. Visit www.nuventix.com.
For more information
- Helen Rodriguez
- INK Public Relations for Nuventix
- (512) 382-8988
- helen@ink-pr.com
- Ryan Ahearn
- Nuventix
- (512) 382-8123
- @nuventix.com
About Braemar Energy Ventures
Founded in 2003, Braemar Energy Ventures is a leading venture capital firm focused on investing in transformative energy-tech and related companies contributing to global sustainability and combating climate change. Using sector expertise and experience, Braemar aims to be an engaged partner with its portfolio companies to best help them navigate the path to creating significant global impact. For more information, visit braemarenergy.com.