Porotech raises $20 million to bring its native red InGaN LED technology to market

Porous-GaN material platform developer Porotech announced that it has raised $20 million in its Series A investment funding round. The new funds Will help Porotech mass produce its microLED products,and expand its global reach. The round has been led by Ameba Capital and includes a "multinational electronics giant".

In 2021 Porotech announced it has created the world's first microLED microdisplay based on a native red InGaN LED. The microdisplay was a 0.55" diagonal panel with a resolution of 960x540 Porotech says that its native InGaN red LEDs will offer higher efficiency than currently-used AlInGaP red LEDs. Developing an RGB microdisplay all from InGaN chips will also offer easier driving and process design.

Earlier in 2021, Porotech announced a partnership with JBD for the supply of porous gallium nitride (GaN) epiwafers.

Posted: Feb 22,2022 by Ron Mertens