Baltimore nanotech company Pixelligent raises $38M in new financing

Baltimore nanotechnology company Pixelligent has raised $38 million to help fund the commercialization of its technology to help improve augmented reality headsets and displays. The money comes through a funding vehicle managed by MVolution Partners. The funding vehicle is akin to a loan backed by the value of Pixelligent’s patents. Aon, a financial services company, evaluated the value of the Baltimore company’s intellectual property to facilitate the loan. The loan enables Pixelligent to gain capital without needing to dilute control of the company by giving up more equity.