ByteLight Obtains $1,250,000 New Funding

  • Feed Type
  • Date
    10/17/2012
  • Company Name
    ByteLight
  • Mailing Address
    1 Cambridge Center 6th Floor Cambridge, MA 02142
  • Company Description
    Based in Cambridge, MA, Bytelight is a provider of market-leading indoor positioning solutions using an innovative LED lighting based technology. ByteLight’s solution leverages the existing lighting infrastructure to deliver unprecedented accuracy and responsiveness. This enables venue owners with the ability to offer information to people at precise locations inside buildings through smart phones and other devices.
  • Website
    http://www.bytelight.com
  • Transaction Type
    Venture Equity
  • Transaction Amount
    $1,250,000
  • Transaction Round
    Undisclosed
  • Proceeds Purposes
    ByteLight will use the funding to build its team, deploy at pilot locations and expand its ecosystem of lighting partners.
  • M&A Terms
  • Venture Investor
    VantagePoint Venture Partners
  • Venture Investor
    Undisclosed