Prysm, which develops laser phosphor digital displays, revealed Thursday that it had raised $100 million in new funding, bringing its total raised to more than $135 million. The San Jose, Calif.-based company is backed by investors including Artiman Ventures and Partech International. Prysm did not reveal details of its latest funding round, or name additional investors in the company.
Digital display innovator, Prysm, today announced the company has attracted over $100M in new capital since the launch of the company bringing total financing to over $135MM. This financing has enabled Prysm to commence volume production of the company’s groundbreaking Laser Phosphor Display (LPD) technology, and amass a global support team of more than 150 personnel worldwide and supported by more than 25 channel partners. With this impressive global and financial support, Prysm is able to significantly expand the availability of its patented LPD technology to bring engaging, life-size digital experiences from any viewing angle to a variety of commercial markets around the world.
“Surpassing $100MM in financing is a powerful vote of confidence in Prysm’s LPD technology and an indicator the company is well on the path to bringing this groundbreaking technology to markets around the world,” said Amit Jain, founder and CEO of Prysm. “We are now in volume production and investing in training and support for our solutions in major markets around the world.”
Prysm’s LPD technology is a breakthrough in the digital display industry, bringing large scale displays to retail establishments, broadcast studios, sports venues, company boardrooms, among other market segments. The LPD technology has already disrupted the large format commercial display segment because Prysm’s displays deliver unparalleled image quality, brightness and color, to create incredibly realistic virtual experiences. Prysm’s displays have been adopted by leading brands including American Eagle Outfitters and People’s United Bank in Boston, as well as by broadcast studios CNBC’s Mad Money with Jim Cramer and Dubai Sports TV.
The LPD technology empowers companies to create powerful brand messages through life-like, life-size visual experiences, customizable for any environment. Prysm’s LPD tiles are the building blocks for creating immersive, large scale video-displays that fit environments of any size and any shape, and are viewable from any angle. The technology also supports a full range of audience engagement solutions including touch, gesture and proximity detection.
The LPD platform also brings low cost of ownership to the display space. A 225-inch Prysm display consumes less power than a house hold hair dryer- up to 70% less energy than today’s alternative technologies. This low power consumption enables LPD displays to plug directly into standard 110v power outlets, with no additional requirement for power supply or expensive cooling infrastructure.
Prysm, Inc. has invented a new display platform based on the Laser Phosphor Display (LPD) technology that it owns entirely. LPD is a large format display platform that can be organized in any size or shape to support a wide range of complete solutions for a variety of commercial markets. When compared to traditional technologies, LPD offers brilliant life-like and life-size displays which deliver truly immersive experiences, while offering the lowest cost of ownership and meeting the highest standards of environmental impact. Prysm is a privately held company based in Silicon Valley, California with sales offices in New York, San Jose, London and Dubai.