Syndiant Raises $10.7M

Syndiant, a Dallas-based fabless semiconductor company, announced last week it has closed a $10.7 million series B funding round led by the the Texas Emerging Technology Fund (TETF) and private investors. The company's high resolution light modulating chips are used in pico projectors embedded in handheld electronics.

The funding enables Syndiant to accelerate volume production of its first product, the VueG8 (View-Gate) SVGA and WVGA microdisplay, as well as develop other products.

Syndiant's VueG8 (View-Gate) technology allows images projected from handheld electronics to be in high definition. (Photo: Syndiant)

“Securing this funding was a huge accomplishment, especially given the current state of the economy. It speaks volumes to the opportunity we have with our superior technology and business strategy,” said Mark Harward, Syndiant CEO. “We are excited about engagements with numerous OEMs, and our strong balance sheet will hasten market acceptance of next-generation pico projectors that provide better performance and higher resolution.”

The TETF, which aims to support companies that create high-quality jobs and increase applied research projects for Texas institutions of higher education, has now invested $3.5 million in Syndiant.

For more information, visit: www.syndiant.com