MICLEDI Microdisplays
Assembly Line
MICLEDI Microdisplays Raises Series A Funding to Advance Best-in-Class microLED Display Design and Manufacturing
MICLEDI Microdisplays announced a first closing of its Series A funding round with participation from imec.xpand, PMV, imec, KBC and SFPIM demonstrating strong support for the company’s value proposition and commercial and technological progress achieved in the seed round. Series A follows a significant seed round award and additional non-dilutive funding in the form of grants and other vehicles from VLAIO. This brings the company’s total funding to date to nearly $30 million.
MICLEDI used the seed round to validate a unique 300mm wafer manufacturing methodology, the first in the world at 300mm. Seed funding also enabled the company to prove best-in-class blue and green GAN-based microLED arrays with pixel-by-pixel microlenses in its unique 300mm flow. The company also demonstrated solid red performance using red GAN material with early proof of superior performance based on red AlInGaP. All three colors, R, G, & B, were demonstrated to large audiences at CES 2024 and SPIE AR-VR-MR 2024.
Lord added, “This newest round of funding will be used to expand the team, design and build an active backplane ASIC, and create a fully-functional microLED display module that can be used in glasses for AR displays. In addition, the new funds will help support collaboration agreements with customers and ensure that we keep pace with the growing demand for increasingly immersive video applications from Tier 1 customers and partners in the rapidly growing AR market.”