Pretty soon, you may be lighting up your office or home with a flat, credit-card sized LED light. Oree, an Israeli start-up, recently received $4 million in funding from Silicon Valley Bank and Kreos Capital to work on driving down the cost of LED lighting.
According to Oree, small, flat lights emit less heat and consume less energy than standard LED bulbs. The lights could be used in everything from LCD displays to offices that require discreet lighting.
Oree's flat LED's can also be molded into shapes—a quality that could reduce the production cost of electronics using the technology.
Other companies working on lowering the cost of LED include Illumitex, Lumenz, and Bridgelux.
Oree's announcement is part of a larger Israeli trend—the country has attracted $400 million in cleantech investments in the last few years.