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Digital Lumens
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Short description

Developer of intelligent LED-based lighting systems for industrial facilities that reduce lighting energy use and provide fully integrated controls and reporting capabilities

Founded in 2008
Founded in

Company type Acquired Public ()
Company type

Industry Group agriculture & food

Sector indoor farming

TRL Range 9
TRL 1 Basic research
TRL 2 Technology formulation
TRL 3 Applied research
TRL 4 Small scale prototype
TRL 5 Large scale prototype
TRL 6 Prototype system
TRL 7 Demonstration system
TRL 8 First of a kind commercial system
TRL 9 Full commercial application
TRL Range

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Headquarters Boston, MA Boston, United States
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Updated by Kerry Velez at Digital Lumens on 06/26/2014

Traction
  • 1 M&A items
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Date Company
03/21/2014

Frialsa Frialsa

Frialsa, an industry leader in the storage and distribution of chilled and frozen products across Mexico, has deployed Digital Lumens Intelligent LED Lighting System technology across 10 facilities and nearly one million square feet of space as part of its company-wide commitment to sustainable business practices. The Digital Lumens system is saving 80% on lighting energy use across the multi-site deployment, while providing detailed data on energy usage and lighting system performance.

Confirmed by Frialsa

Partnerships
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Date Partner Type
06/02/2014
Xicato Xicato
Digital Lumens and Xicato will form a strategic partnership to bring wireless intelligent solutions to professional indoor applications, drive adoption, and lower the cost of ownership of energy efficient, smart lighting.
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Confirmed by Xicato
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IPO INFORMATION

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Description

Date Investors Type Amount
10/30/2014 Goldman Sachs Goldman Sachs , Aster Capital Aster Capital , NGP Capital NGP Capital , Stata Venture Partners Stata Venture Partners , Black Coral Capital Black Coral Capital , Flybridge Capital Partners Flybridge Capital Partners (6)
Post-money valuation of
Digital Lumens intends to use the funds to scale operations, expand product development, and increase sales and marketing efforts.
Growth Equity $23,000,000
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Products
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Product image Name Product status Revenue model Cost metrics

Linear Intelligent LED Luminaires

Digital Lumens offers a range of intelligent LED luminaire families including high-bay, troffer, or linear that fit the requirements of any industrial facility.

Wide Commercial Availability Products - Retail
$/kW (current)
$/kW (projected)
$/kWh (current)
$/kWh (projected)
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