Mark Cuban-backed LuminAID receives first U.S. patent, completes $2 million in sales through 2015
The company has been earning a bit of acclaim from media publications for its technology. Tech news outlet CNET has reported that, when deflated, 50 LuminAID solar-powered lights can ship in the same amount of space as eight flashlights. Popular Science also gave the product a glowing review as a useful accessory for campers or hikers. The product hasn’t just attracted media attention, however. It also has wooed the financial backing of Mark Cuban, one of the regular business investors featured on hit reality TV show Shark Tank. Cuban, a billionaire tech investor and owner of the NBA’s Dallas Mavericks, offered to invest in LuminAID’s business on an episode of Shark Tank airing in February 2015.