3D Glasses Maker Closes on $1.07 Million Equity Investment
Bit Cauldron, noted for making 3D shutter glasses and transmitters, closed on a
$1.07 million equity investment, according to a Securities and Exchange filing.
The source of the funding was not disclosed.
Journal South said current investors included the Emergent Growth Fund
II, “a member-managed angel group” in Gainesville.
Bit Cauldron was founded two years ago by James Mentz, Sam
Caldwell and Robert Mentz. It started getting attention at the 2010 Consumer
Electronics Show, where it unveiled its universal 3D shutter glasses. Bit
Cauldron makes two models of 3D shutter glasses that connect via IEEE 802.15.4,
a transmission specification for wireless personal area networks, or WPANs.
Unlike the majority of shutter glasses that flicker when a
viewer looks away from a 3DTV set, Calwell said Bit Cauldron’s do not. The
glasses due to hit the market via Monster Cable in September for a suggested
retail price of $169.95 for the glasses only and $249.95 for a
-- Deborah D.