According to a report from China, Jade Bird Display (JBD) has successfully completed its Series B1 financing round. The company raised "hundreds of millions" of yuan, which could mean from around $30 million USD to almost $150 million.
The investors in this round include the Anhui Railway Fund, Ant Unicorn Fund, China Merchants China Fund, Fanghua Fund, Guangyue Investment, Hundun Investment, Shanghai Science and Technology Innovation Fund and Xichuang Investment. The company says it will use the funds mainly to accelerate its R&D.
In 2024, JBD raised its A4 round, which was also said to be in the range of "hundreds of millions of Yuan". The company's previous investors include Alibaba, Samsung, BYD and Geely. BYD is said to be working with JBD to develop MicroLED automotive applications.
In 2023 JBD announced that its $92 million production line in Hefei is starting production. The production line's total capacity is 120 million 0.13" panels, but it hasn't yet reached its full capacity.
JBD is the first company that has been mass producing microLED microdisplays. The company reported several design wins, including with Xiaomi, TCL, Alibaba, Vuzix and likely Meta for its Orion glasses. In 2023, JBD started shipping engineering samples of single-panel RGB microLED microdisplays, branding these as the Phoenix series, while its monochrome panels are now branded as Hummingbird. The Phoenix series is designed to be used with 50+ degree FOV waveguides.
