Qlight Nanotech

Company Overview

Snapshot

Founded in March 2007 by Uri Banin, Qlight Nanotech operated with 1–10 employees. The company was acquired by Merck in June 2015, following three funding rounds and an investment from Merck.

Business overview

Qlight Nanotech developed semiconductor nano-crystals designed for efficient light conversion from UV and blue wavelengths to other visible wavelengths. These nano-crystals offered high energy efficiency and cost savings for applications in solid-state lighting (LED) systems, flat panel displays, and other optical technologies. Qlight's solutions were engineered for integration with existing system materials and processes, aiming to reduce costs and optimize product quality across various applications within the Industrial Technologies sector.

Strategic signal

In June 2015, Qlight Nanotech was acquired by Merck, marking a significant exit for the company. This acquisition highlights the strategic value of Qlight's semiconductor nano-crystal technology in enhancing optical applications and solidifies Merck's position in advanced materials. The event signals a successful commercialization pathway for deep tech innovations in the materials science and optoelectronics sectors.

Company Intelligence Q&A

When was Qlight Nanotech acquired?

Qlight Nanotech was acquired by Merck in June 2015.

What was a key strategic development for Qlight Nanotech in 2013?

In November 2013, Merck increased its stake in Qlight Nanotech through a funding round.

What was a significant early investment in Qlight Nanotech?

In May 2012, Merck made an undisclosed investment in Qlight Nanotech, acquiring a stake in the company.

Did Qlight Nanotech receive any grants?

In May 2014, Qlight Nanotech received a grant from the Office of the Chief Scientist.

Who founded Qlight Nanotech?

Qlight Nanotech was founded by Uri Banin in March 2007.