pureLiFi, the light communications technology company that leads the market in research and commercialisation of Li-Fi, has raised £1.5 million (US $2.26 million) in its latest round of investment. Valuing the 2012 University of Edinburgh spin-out at over £14 million, a VC funding round is in process and the company expects to make a related announcement on additional funding during the second half of 2015.

Acuity Brands, Inc. demonstrates lighting technology that empowers retailers to enhance customers’ experiences through their mobile devices and increase in-store sales. With more than 60 percent of mobile shoppers using smartphones while in-store, and 85 percent of consumers using retailers’ native apps or websites during shopping trips1 – retailers have a significant opportunity to engage consumers on smartphones.