RayVio, maker of UV LED disinfectant tech, raises $26 mln
RayVio Corp, the Hayward, California, producer of ultraviolet LED technology for applications including disinfecting water at the point of use, raised $26 million in funding rounds led by IPV Capital and Tsing Capital. Participating current investors included DCM Ventures, Capricorn Investment Group, Applied Ventures, Augment Ventures, Tolero Ventures and New Ground Ventures. Alex Banh of IPV Capital and Don Ye of Tsing Capital will join RayVio’s board. RayVio said it would use the funds to boost production and continue R&D. It expects to double its workforce. The company says its technology is portable and versatile and can protect against germs in water and air and on surfaces.
26 April 2016•3 mins read
