LED developer gets first financing from GSR Ventures
Chinese LED manufacturer SunSun Lighting has received $10 million in Series A financing from GSR ventures, an early stage venture capital firm. The company will use the funding to improve its technology with a view to establishing itself as a major player in solid state lighting.
Earlier this year, SunSun launched a 9 W LED global bulb intended to replace a standard incandescent 60-watt bulb. The bulb is based on the company's PowerXplore Technology, which is intended to raise...
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