Finland based Comptek Solutions announced that it has successfully closed its its Series A funding round, raising a total of 8 million Euro, from the Horizon Europe EIC Fund, LIFTT (Italian venture firm) and an undisclosed key strategic partner.
The funds will be used to accelerate Comptek's technology implementation, and scale up its growth. Comptek was founded in 2017, and develops passivation technology for Optoelectronics and power applications.
The company's Kontrox technology can be applied to microLED chip sidewalls to prevent non-radiative recombination mechanisms, effectively passivating the surface. The technology drastically improves the performance and manufacturing yields of µLEDs, particularly at small chip sizes. Read more here.