Illumitex Raises $3M

Austin-based Illumitex, the developer of LED light source technology, said this week that it has raised $3M in a funding round, from strategic partner Gerard Lighting Group Limited. The firm said that GLG is the largest lighting manufacturer and distributor in Australia. The deal is part of a strategic alliance, where GLG will incorporate Illumitex's technology into its LED lighting products. More information »