TIR Systems Overview

  • Year Founded
  • 1982

Year Founded

  • Status
  • Acquired/​Merged

  • Latest Deal Type
  • M&A

  • Latest Deal Amount
  • $64.1M

  • Investors
  • 1

TIR Systems General Information

Description

Manufacturer of lighting products intended for architectural and design, machine vision, traffic safety, and original equipment manufacturer markets. The company produces LED-based light sources, specifically to produce quality white light essential for general lighting applications.

Contact Information

Website
www.tirsys.com
Ownership Status
Acquired/Merged
Financing Status
Formerly VC-backed
Corporate Office
  • 7700 Riverfront Gate
  • Burnaby, British Columbia V5J 5M4
  • Canada
+1 (604)
Primary Industry
Electrical Equipment
Acquirer
Philips
Vertical(s)
Manufacturing
Corporate Office
  • 7700 Riverfront Gate
  • Burnaby, British Columbia V5J 5M4
  • Canada
+1 (604)

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TIR Systems Valuation & Funding

Deal Type Date Amount Raised to Date Post-Val Status Stage
5. Merger/Acquisition 17-Mar-2007 $64.1M Completed Generating Revenue
4. PIPE 09-Jan-2006 Completed Generating Revenue
3. IPO 27-Oct-2004 Completed Generating Revenue
2. Early Stage VC 07-Sep-2001 $1.62M $1.62M Completed Product Development
1. University Spin-Out 01-Jan-1982 Completed Startup
To view TIR Systems’s complete valuation and funding history, request access »

TIR Systems Patents

  • 96

    Total Documents Applications and Grants

  • Total Patents Families

  • 14

    Granted

  • Pending

  • Expiring in next 12 mo

TIR Systems Recent Patent Activity

Publication ID Patent Title Status First Filing Date Technology (CPC) Citations
US-20080136334-A1 System and method for controlling lighting Inactive 24-Aug-2007
US-20080204888-A1 Optical system for luminaire Inactive 16-Feb-2007
US-20080215279-A1 Luminaire control system and method Active 11-Dec-2006
US-7868562-B2 Luminaire control system and method Active 11-Dec-2006
US-20090303467-A1 Method and apparatus for determining intensities and peak wavelengths of light Active 18-Jul-2006 G01J3/30
To view TIR Systems’s complete patent history, request access »

TIR Systems Former Investors (5)

Investor Name Investor Type Holding Investor Since Participating Rounds
BCI Ventures Other Minority
Corridor Capital PE/Buyout Minority
Discovery Capital Venture Capital Minority
Ventures West Capital Venture Capital Minority
Zumtobel Group Corporation Minority
To view TIR Systems’s complete investors history, request access »

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TIR Systems FAQs

  • When was TIR Systems founded?

    TIR Systems was founded in 1982.

  • Where is TIR Systems headquartered?

    TIR Systems is headquartered in Burnaby, Canada.

  • What industry is TIR Systems in?

    TIR Systems’s primary industry is Electrical Equipment.

  • Is TIR Systems a private or public company?

    TIR Systems is a Private company.

  • What is the current valuation of TIR Systems?

    The current valuation of TIR Systems is .

  • What is TIR Systems’s current revenue?

    The current revenue for TIR Systems is .

  • How much funding has TIR Systems raised over time?

    TIR Systems has raised $34.9M.

  • Who are TIR Systems’s investors?

    BCI Ventures, Corridor Capital, Discovery Capital, Ventures West Capital, and Zumtobel Group have invested in TIR Systems.

  • When was TIR Systems acquired?

    TIR Systems was acquired on 17-Mar-2007.

  • Who acquired TIR Systems?

    TIR Systems was acquired by Philips.

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