VP Sales & Marketing
Syndiant Adds $4.4 Million to B Round of Funding
DALLAS – (March 30, 2010) – Syndiant, the leader in high resolution microdisplays for pico projectors, adds $4.4 million in funding to its B round, bringing the total round to $15.1 million.
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.
“We were able to add investors to our B round which exemplifies our belief in our superior technology and inherent value in the pico projector market,” stated Mark Harward, CEO of Syndiant. “In addition to using the latest financing for ramping to mass production, it will also be used to expand our sales and customer support staff.”
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. For more information, visit www.syndiant.com.