Luminus Devices, a company that wants to change the lighting systems in digital TVs and in buildings, has raised $72 million in its latest round of funding.
The company, which grew out of research at the Massachusetts Institute of Technology, makes the Phlatlight LED (light-emitting diode), a type of LED that combines some of the qualities of both LEDs and lasers. The Phlat in Phlatlight stands for "photonic lattice structures." Basically, the lattice creates a situation where light can be precisely controlled (like a laser). The Phlatlight also can extract large amounts of light per watt, like an … Read more