Go back and read Oz's post of the 2017 road map. Denselight is addressing a $23 billion dollar market.And as far as being aquired...Agit Manocha is the Executive chairman and being acquired does not fit with his Foundry 2.0 model. 

"We have products in the market today, we’ve got the most broad portfolio of photonic sensing high-powered LEDs today, and we’re servicing that market across a variety of verticals:"

Photonics Sensing:
1) Test & Measurement (TAM: $10B), which includes monitoring equipment for communication, components and material testing, as well as sensing equipment such as distributed temperature and strain measurement; 

2) Structural Health Monitoring (TAM: $6 billion), which includes devices to monitor the power grid, and fiber optic-based sensors in rail lines, nuclear facilities, etc.; 

3) Guidance and Navigation (TAM: $4.5 billion), which includes navigational guidance systems, gyrocompasses, and optical-based systems for navigating self-driving automobiles;

4) Medical and Health Care (TAM: $2.5 billion), which includes devices for non-invasive blood glucose monitoring, pulse-ox devices, and ophthalmic examination.