Monday, July 13, 2009

Kaai Gains $3.5M In Series B

Goleta-based Kaai, the secretive LED startup working on next generation lasers, has raised $3.5M in a Series B funding round, according to a regulatory filing by the firm. Details on the funding have not been released by the company. Kaai is backed by Khosla Ventures; the firm is one of the companies founded by Shuji Nakamura, the inventor of the blue LED, along with Stephen DenBaars, a professor at UC Santa Barbara. The regulatory filing indicates that a representative from Seoul Semiconductor Co., Ltd. now sits on the board, along with Ford Tamer of Khosla Ventures and others. More information »