Blue Lake Lighting Technology raises tens of millions of yuan in Pre-A round

Blue Lake Lighting Technology, a R&D and manufacturer of white laser lighting core devices, has received tens of millions of yuan in Pre-A financing round. The investor was Weed Ventures. Proceeds from this fresh funding round will mainly be used for new product development in multiple R&D directions.

Blue Lake Lighting Technology, a R&D and manufacturer of white laser lighting core devices, has received tens of millions of yuan in Pre-A financing round. The investor was Weed Ventures. Proceeds from this fresh funding round will mainly be used for new product development in multiple R&D directions.

Established in 2015, Blue Lake Lighting Technology is a research and development enterprise focusing on the field of laser lighting. Through five key technologies independently researched and developed, Blue Lake can steadily convert blue lasers into high-intensity white light, providing stable high-brightness light engines for lamps in some specialized fields.

Blue Lake has tallied more than 20 million yuan in revenues and achieved profitability in 2019. With the promotion of laser lighting industry, it is expected to realize three to five fold growth every year.

On the team side, members of the founding team of Blue Lake are all from Tsinghua University. There are currently more than 60 persons, of which one-third are R&D staff.

The founder, Dr. Yang Yi, has 14 years of R&D experience in the laser industry. He is also one of the key inventors of the laser TV technology architecture and holds more than 300 patents.

Disclaimer: This is an article created by Michael Liang for Chinasdg.org. You can find the original article here: https://chinasdg.org/2020/05/04/blue-lake-lighting-technology-raises-tens-of-millions-of-yuan-in-pre-a-round/.

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