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Sunnyvale, Calif.

Thanks to a dime-size chip embedded with tiny diodes that emit white light, Bridgelux believes it is on track to sell LED-based lighting comparable to 60-watt incandescent bulbs for under $10 that use a fraction of the energy and last for years.

Key investors: DCM, El Dorado Ventures, Vantage Point, Chrysalix, Harris & Harris