Xenio, a smart lighting startup that has been spun off from LED lighting company Bridgelux, recently announced that it has acquired a venture capital (unpublished amount) for the development of intelligent lighting technology for the Internet of Things. Investors in Xenio include DCMVentures, RembrandtVenturePartners and VantagePointCapitalPartners.
Xenio is committed to developing a Solution that combines the Internet of Things and intelligent lighting technologies to intelligentize everyday objects, similar to the retail convenience kiosk in the Minority Report that identifies Tom Cruise. Xenio believes that if its cloud solution is embedded in Bridgelux's networked intelligent lighting system, it will greatly increase the popularity of the Internet of Things.
Xenio's intelligent lighting technology turns the light source into a beacon beacon that transmits data in both directions, identifies nearby users, and sends promotional information to nearby merchants on nearby smartphones.
This beacon-enabled lighting system also saves users a lot of electricity. According to the US Department of Energy, personal and corporate smart lighting systems will save $12.5 billion in electricity bills annually.
It is reported that the acquisition of Bridgelux's development of crystal lighting will serve as a strategic manufacturing partner to provide hardware products for Xenio.
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