QD Vision, With $20M More in VC, Waves Flag for Boston Nanotech

3/29/13Follow @gthuang

QD Vision is a throwback to the days when “nano” was cool. OK, that was 10 years ago, but still.

These days you would be hard-pressed to find many thriving nanomaterials companies in the Boston area (not counting biotechs). But Lexington, MA-based QD Vision seems to be doing just fine. The company has just closed $20 million in new venture funding, bringing its total raised to something like $75 million since 2004.

The new money comes from previous investors, including North Bridge Venture Partners, Highland Capital Partners, In-Q-Tel, and DTE Energy Ventures. (And the company has clearly cracked our list of biggest VC bets on technology companies in Boston.)

QD Vision has found a business in using its “quantum dot” nanomaterials to enhance the LED backlight in high-end LCD televisions. The result: a fuller range of colors for TV makers like Sony.

Of course, that’s not all that quantum dots are good for. QD Vision is working on other products in flat-panel displays, solid-state lighting, and defense and security applications. But it’s still hard out here for a nanotech.

The company spun out of the labs of MIT professors Vladimir Bulovic and Moungi Bawendi in 2004. It is led now by CEO Jason Carlson, who joined in 2010.

Gregory T. Huang is Xconomy's Deputy Editor, National IT Editor, and the Editor of Xconomy Boston. You can e-mail him at gthuang@xconomy.com. Follow @gthuang

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