Crystalplex
A biochemistry and diagnostics laboratory, specializing in nanotechnology for the life sciences industry.
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| N/A | $3.7m | Series B | |
| Total Funding | 000k | ||
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Founded in 2002 and based in Pittsburgh, Pennsylvania, Crystalplex Corporation operates within the nanotechnology and industrial supplies sectors, specializing in the manufacture of high-stability quantum dots. The company underwent a significant pivot in 2009, shifting its focus from biochemistry and diagnostics to optoelectronics. This strategic change was guided by CEO Matt Bootman, who joined as an interim CEO through the incubator LaunchCyte.
Crystalplex manufactures advanced nanocrystals for photoluminescent, electroluminescent, and photovoltaic applications. Its core product is the Sapphire™ quantum dot, an alloy gradient nanoparticle with a protective shell that provides a barrier against environmental degradation from humidity and oxygen. This technology enhances the stability, lifetime, and performance of the quantum dots, making them suitable for demanding high-end consumer electronics. The company’s quantum dots are designed to improve the brightness and color quality of LCDs, televisions, and high-CRI architectural lighting.
A key differentiator for Crystalplex is its ability to produce quantum dots that can withstand extreme heat, allowing them to be melt-processed in polymer substrates like PMMA at over 200°C. This thermal stability opens up new manufacturing possibilities for high-performance optical components through thermoplastic injection molding and extrusion. The company has developed cadmium-free versions of its quantum dots and holds a robust patent portfolio, including one for the fabrication and use of its passivated Sapphire™ quantum dots. Crystalplex’s business model is centered on supplying these specialized quantum dots to manufacturers in the solid-state lighting and display industries. The company has been venture capital-backed, raising $6.78 million through multiple funding rounds, including investments from Innovation Works and the United States Department of Defense.
Keywords: quantum dots, nanotechnology, optoelectronics, nanocrystals, Sapphire quantum dots, photoluminescence, electroluminescent, solid-state lighting, LCD displays, polymer composites, thermal stability, cadmium-free quantum dots, display manufacturing, high-CRI lighting, semiconductor nanocrystals, advanced materials, display technology, passivation technology, nanoparticle synthesis, venture capital-backed