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Bridgelux raises $25M

Bridgelux, a company that produces low-cost LED light bulbs, announced it has raised $25 million in funding from Chinese lighting company Kaistar Lighting. “We want people to think about lightbulbs and the innovation behind them, we want you to throw away lightbulbs because ours are better and more energy-efficient,” Bill Watkins, Bridgelux chief executive and former Seagate CEO, told VentureBeat.

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