Metrolight
LED and IoT Solutions
Company Overview
Snapshot
Founded in April 1996, Metrolight operates with 11–50 employees and has raised $27 million across 5 funding rounds from 6 investors. The company ceased operations in December 2022.
Business overview
Metrolight specializes in energy-efficient eHID and LED solutions for high-power lighting, serving retail, industrial, commercial, and municipal installations. The company's core technology involves ballasts, drivers, and managed lighting solutions designed to reduce energy consumption and carbon emissions. Metrolight was also developing a business model and technology platform to integrate LED and IoT markets, utilizing its LED2IoT gateway to control LED systems and manage peripheral connections that stream data to cloud services, transforming light points into platforms for value-added services like cellular, WiFi, video, and smart city applications. The company operates within the Energy Tech sector, focusing on energy consumption and efficiency, and microelectronics and photonics solutions.
Strategic signal
In July 2022, Metrolight filed for a stay of proceedings, indicating significant financial distress. This event signals a critical operational challenge for the company, ultimately leading to its cessation of operations in December 2022. For investors, this highlights the inherent risks in hardware-centric energy efficiency markets and the importance of monitoring financial stability and strategic pivots.
Company Intelligence Q&A
- What is Metrolight's current operational status?
- Metrolight is currently non-active, having ceased operations in December 2022.
- What was Metrolight's total capital raised?
- Metrolight raised a total of $27 million across 5 funding rounds.
- When was Metrolight founded?
- Metrolight was founded in April 1996.
- What was the last reported significant event for Metrolight?
- In July 2022, Metrolight requested a stay of proceedings, which indicated significant financial distress and ultimately led to the company ceasing operations in December 2022.
- Which investors participated in Metrolight's C Round funding?
- In August 2007, Gemini and MoreVC participated in Metrolight's C Round funding. This round also included investments from Altshuler Shaham Investment House and Virgin Green Fund.