Fundraising Fox
🦊/Companies
Sign in

Pixelligent

Baltimore, US · 1 known investors

Find your way into Pixelligent

432 people in our graph share verified history with the Pixelligent team — schools, employers, funds. One of them is your warm intro.

Kevin Rileyunlockedknows Craig Mintz · together at Miami University (overlapped)
×3knows the team · via University of Maryland
×3knows the team · via Akzo Nobel
×2knows the team · via Questrom School of Business, Boston University
×2knows the team · via Orta Doğu Teknik Üniversitesi / Middle East Technical University
knows the team · via Cleveland State University

Pixelligent develops nanocrystal materials that enhance optical performance in photonics, augmented reality, displays, sensors, and optical systems. The company manufactures advanced nanocomposites using proprietary processes and is ISO 9001 certified.

Advanced ManufacturingDeep TechHardwareNew Materials

Founders & leadership

CBCraig Bandes
Craig BandesPresident & CEO
TWTom Werthan
Tom WerthaninChief Financial OfficerTom Werthan has over thirty years of experience in executive financial and operational roles at high-technology companies, including Big Four accounting and auditing background, with prior involvement in public and private company management, IPO execution, and manufacturing operations.
CMCraig Mintz
Craig MintzinCFO2013–2015Craig Mintz held finance and operations leadership roles including CFO and COO at an immigration consulting firm, FP&A lead for a $2B division of a Global 500 company, and CFO at a $25M nonprofit, where he oversaw accounting operations, financial restructuring, and strategic planning across multiple organizations and industries.
SGSerpil Gonen Williams
Serpil Gonen WilliamsinChief Technology OfficerSerpil Gonen Williams holds a PhD in Chemistry from the University of Maryland, College Park, with over 20 years of experience developing nanomaterials for optical and photonic applications. As Chief Technology Officer of Pixelligent, she leads R&D and product development for the company's nanocrystal material portfolios and holds more than 40 patents.
GC
Gregory CooperinFounder and CTO2000–2018Founder & CEO at Aqualith

Board

PK
Peter KirlinBoard director
KJ
Keith JacksonBoard director
EO
Eileen O'RourkeBoard director
MY
Mudar YaghiBoard director
AR
Andrew RayBoard director
AG
Andrew GavinBoard director
MY
Mudar YahgiBoard director

Investors · 1

TCP Venture CapitalBaltimore

Reported raises · per SEC filings

Form D private placements

$41.5M disclosed across 7 of 9 rounds · 2014–2025

▶$9MraisedMay 2025 · 1 investors · Other Technology
Rule 506(b)
Officers, directors & promoters on the filing
  • Andrew GavinDirector
  • Andrew RayDirector
  • Eileen O'RourkeDirector
  • Peter KirlinDirector
  • Mudar YaghiDirector
  • Tom WerthanExecutive Officer
  • Keith JacksonDirector
  • Craig BandesExecutive Officer, Director
Offering amount
$9M
Amount sold
$9M
Sales commissions
$200K
Placement agents
Greenhill & Co., LLC
First sale
Apr 2025
Incorporated
Limited Liability Company, Virginia
Federal exemptions
06b
Full filing on SEC EDGAR ↗
▶$3.2MraisedSep 2024 · 17 investors · Other Technology
Rule 506(b)
Officers, directors & promoters on the filing
  • Eileen O'RourkeDirector
  • Andrew RayDirector
  • Peter KirlinDirector
  • Tom WerthanExecutive Officer
  • Craig BandesExecutive Officer, Director
  • Andrew GavinDirector
  • Mudar YaghiDirector
  • Keith JacksonDirector
Offering amount
$5M
Amount sold
$3.2M
Minimum investment
$1
First sale
Mar 2024
Incorporated
Limited Liability Company, Virginia
Federal exemptions
04, 06b
Full filing on SEC EDGAR ↗
▶Undisclosed amountofferedSep 2024 · 18 investors · Other Technology
Rule 506(b)
Officers, directors & promoters on the filing
  • Peter KirlinDirector
  • Keith JacksonDirector
  • Craig BandesExecutive Officer, Director
  • Eileen O'RourkeDirector
  • Mudar YaghiDirector
  • Tom WerthanExecutive Officer
  • Andrew RayDirector
  • Andrew GavinDirector
Minimum investment
$1
Sales commissions
$1M
First sale
Aug 2024
Incorporated
Limited Liability Company, Virginia
Federal exemptions
06b
Full filing on SEC EDGAR ↗
▶$2.5MraisedSep 2022 · Other Technology
Rule 506(b)
Officers, directors & promoters on the filing
  • MUDAR YAGHIDirector
  • TOM WERTHANExecutive Officer
  • CRAIG BANDESExecutive Officer, Director
  • EUGENE BANUCCIDirector
  • EILEEN M. O'ROURKEDirector
  • WAYNE REHBERGERDirector
  • ANDREW RAYDirector
  • KEITH JACKSONDirector
  • ANDREW GAVINDirector
  • CHRIS ROSENTHALDirector
Offering amount
$10M
Amount sold
$2.5M
Minimum investment
$8K
First sale
Mar 2022
Incorporated
Limited Liability Company, Virginia
Federal exemptions
04, 06b
Full filing on SEC EDGAR ↗
▶Undisclosed amountofferedMar 2021 · 18 investors · Other
Rule 506(b)
Officers, directors & promoters on the filing
  • CRAIG BANDESExecutive Officer, Director
  • MUDAR YAGHIDirector
  • BEN CHIUExecutive Officer
  • EUGENE BANUCCIDirector
  • ANDREW RAYDirector
  • EILEEN M. O'ROURKEDirector
  • ALAIN HARRUSDirector
  • ANDREW GAVINDirector
Minimum investment
$1
First sale
Mar 2019
Incorporated
Limited Liability Company, Virginia
Federal exemptions
06b
Full filing on SEC EDGAR ↗
▶$7.6MraisedApr 2018 · 24 investors · Other Technology
Rule 506(b)
Officers, directors & promoters on the filing
  • Andrew GavinDirector
  • Andrew RayDirector
  • Gregory CooperExecutive Officer, Director
  • Alain HarrusDirector
  • Eugene BanucciDirector
  • Craig BandesExecutive Officer, Director
  • Mudar YaghiDirector
  • Eileen O'RourkeDirector
Amount sold
$7.6M
Minimum investment
$1
First sale
Jul 2017
Incorporated
Limited Liability Company, Virginia
Federal exemptions
06b
Full filing on SEC EDGAR ↗
▶$10.4MraisedAug 2016 · 43 investors · Other Technology
Rule 506(b)
Officers, directors & promoters on the filing
  • Mudar YaghiDirector
  • Gregory CooperExecutive Officer, Director
  • Andrew RayDirector
  • Eileen O'RourkeDirector
  • Andrew GavinDirector
  • Craig BandesExecutive Officer, Director
Offering amount
$10.4M
Amount sold
$10.4M
Minimum investment
$100
First sale
Aug 2016
Incorporated
Limited Liability Company, Virginia
Federal exemptions
06b
Full filing on SEC EDGAR ↗
▶$3.4MraisedJun 2015 · 38 investors · Other Technology
Rule 506(b)
Officers, directors & promoters on the filing
  • Andrew RayDirector
  • Craig BandesExecutive Officer
  • Eileen M. O'RourkeDirector
  • Mudar YahgiDirector
  • Andrew GavinDirector
  • Gregory CooperExecutive Officer, Director
  • Craig MintzExecutive Officer
Offering amount
$3.4M
Amount sold
$3.4M
First sale
May 2015
Incorporated
Limited Liability Company, Virginia
Federal exemptions
06b
Full filing on SEC EDGAR ↗

Source: SEC EDGAR Form D. Amounts as filed; amended filings shown once at their latest values.

Non-dilutive funding · 16 SBIR/STTR awards

Federal grants — no equity taken
AgencyPhaseYearAmount
Department of EnergyPhase II2019$1.1M
U.S. ArmyArmyPhase IISTTR2018$1M
Department of EnergyPhase I2018$150K
Department of EnergyPhase II2017$1M
Department of EnergyPhase I2017$150K
Department of EnergyPhase II2015$1M
U.S. ArmyArmyPhase ISTTR2015$150K
Department of EnergyPhase II2014$489.1K
Department of EnergyPhase I2014$150K
Department of EnergyPhase I2013$150K
U.S. Air ForceAir ForcePhase I2010$100K
U.S. Air ForceAir ForcePhase I2010$100K
National Science FoundationPhase I2009$150K
National Science FoundationPhase I2009$100K
National Science FoundationPhase II2007$500K
National Science FoundationPhase I2006$99K

Source: SBIR.gov award data (U.S. Small Business Administration). SBIR/STTR awards are competitive federal R&D grants and contracts — non-dilutive capital alongside any venture rounds above.

In the news

Pixelligent raises $45 million in a new funding round | OLED-Infooled-info.com · Nov 2022Baltimore advanced material maker Pixelligent raises $7.6 million in latest funding round – Baltimore Sunbaltimoresun.com · Apr 2018Pixelligent raises $10.4 million to expand nanocrystal manufacturing – Baltimore Sunbaltimoresun.com · Aug 2016Advanced Materials Manufacturer Pixelligent Closes $10.4M in Funding - FinSMEsfinsmes.com · Aug 2016Pixelligent closes $5.1 Million in Funding - Pixelligent | Advanced Materials for Optical Applicationspixelligent.com · May 2013Pixelligent Closes $5.1 Million In Funding; Far Surpassing Funding Goals - Pixelligent | Advanced Materials for Optical Applicationspixelligent.com · Sep 2011

Frequently asked questions

What does Pixelligent do?
Pixelligent develops nanocrystal materials that enhance optical performance in photonics, augmented reality, displays, sensors, and optical systems. The company manufactures advanced nanocomposites using proprietary processes and is ISO 9001 certified.
Who are Pixelligent's investors?
Pixelligent's investors include TCP Venture Capital.
How much funding has Pixelligent raised?
Pixelligent has disclosed $41.5M raised across 7 of its 9 known rounds.
Where is Pixelligent headquartered?
Pixelligent is headquartered in Baltimore, US.