May 2 2014, 8:40pm CDT | by Gene Ryan Briones
LuxVue Technology, a California-based company, has raised over $43 million in funding, including a recent $25.2 million series C round last year. Investors include Kleiner Perkins and iD Ventures America.
LuxVue also filed several patents on micro-LED technology last year, according to a post on PatentDocs . Sources told TechCrunch that Apple bought the company to boost its hardware.
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Meanwhile, Apple has half-heartedly confirmed the acquisition, responding with the familiar PR template: “Apple buys smaller technology companies from time to time, and we generally do not discuss our purpose or plans.”
That could be a yes.
Gene Ryan Briones
Gene Ryan Briones (Google+) is a technology journalist with a wide experience in writing about the latest trends in the technology industry, ranging from mobile technology, gadgets and robots, as well as computer hardware and software.
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