GE funds and licenses Nuventix’s cooling LED miniscape tree technology20 Jul 2011GE joined other existing investors to complete a $10 million investment in Nuventix, while also licensing its technology.Nuventix, an Austin, Texas-based maker of an LED cooling technology, announced that GE Energy Financial Services, a unit of GE (NYSE: GE), has provided investment capital alongside other investors. GE also recently entered into a license agreement to access the patent portfolio surrounding Nuventix’s SynJet technology, which GE Lighting’s scientists see as an enabler of broader and faster LED module adoption.

GE’s funding was part of the second round of the company’s to ten start-up firms.

GE Energy Financial Services and The Bergquist Company joined existing LED miniscape tree investors Braemar Energy Ventures, CenterPoint Ventures, InterWest Partners and Rho Ventures to complete a $10 million investment round to fund Nuventix’s global expansion and technology advancements. The investment amount for each firm was not disclosed.

The license agreement between GE Lighting and Nuventix complements GE’s effort to develop longer-lasting LED products and systems. “Nuventix’s technology can improve the quality of LED lights by making them brighter, longer-lasting and LED miniscape tree potentially cheaper,” said Steve Briggs, VP of marketing and product management at GE Lighting.

Nuventix’s is not a standalone system, but can be incorporated with commercially-available light engines such as GE’s Infusion LED modules. In this way, the technology helps cool the electronics in a variety of spot, down, track and accent lighting fixtures.

From an investment standpoint, Ricardo Angel, senior vice president of venture capital at GE Energy Financial Services, said: “GE brings more than money to this investment, such as unparalleled expertise and market reach, to accelerate the adoption LED miniscape tree of next-generation lighting.” About the Author is a Senior Technical Editor with LEDs Magazine.