Digital Lumens, a Boston company specializing in intelligent LED lighting systems, said Wednesday that it has closed a $10 million round of funding from existing investors.
Those investors include Black Coral Capital, Flybridge Capital Partners, and Stata Ventures, the company said.
According to Digital Lumens, its lighting systems are now saving its customers more than $25 million per year by reducing their annual energy consumption.
In a statement, company president and chief executive Tom Pincince said: “While we have established a leadership position in the industrial vertical, our integrated intelligence is applicable to the entire lighting market. We will use this latest investment to accelerate our expansion into new segments and international markets and to further develop our product and service offerings.”