March 29, 2010
Syndiant, a provider of high resolution microdisplays for pico projectors, announced today that it has added $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 at $10.7 million. The funds, from private investors and the Texas Emerging Technology Fund, should 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," Syndiant CEO Mark Harward said. "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.