Aledia closes a $30 million financing line from Trinity Capital

Trinity Capital announced that it has closed $30 million equipment financing line for Aledia, which will use the funds to expand its microLED nanowire growth manufacturing facility, and accelerate its product platform and R&D.

Aledia microLED produced on 300mm silicon at CEA-Leti

Aledia announced in 2020 that it plans to establish a 140 million euros LED production fab in Champagnier, near Grenoble in France. The company already raised 80 million Euros towards that goal, and the new funds announced will add to that.

Inziv raises $10 million in its Series-A funding round

Israel-based display characterization and inspection equipment maker InZiv raised $10 million in its Series A1 round, led by Singapore-based VC BlueRed Partners

Inziv microLED inspection system photo (2022)

InZiv says it will use the capital to accelerate its product development of fast EL and PL automated solutions, make strategic company appointments, and expand its global presence.

VueReal raises $14.4 million in its Series B funding round

MicroLED developer VueReal announced that it has raised $14.4 million in its latest (series B) funding round, led by Cycle Capital VC and joined by TDK, Vitro, Economic Development Canada and BDC Capital. VueReal says it will use the funds to enhance its production facility, expand the team, and gain new customers.

VueReal says that the new financing round will also enable it to offer a broader range of custom display products, for AR, smartwatches, smartphones, automotive, signage and transparent displays. Last year VueReal demonstrated high-brightness and high-transmittance transparent microLED displays which it is now offering to customers.

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".

Porotech red InGaN microLED microdisplay prototype (2021)

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.

Mojo Vision raises a further $45 million, partners with sports brands to show AR potential

AR developer Mojo Vision announced that it has raised $45 million in its Series B-1 round, which brings its total funding to $205 million. Investors in this new round include Amazon Alexa Fund, PTC, Edge Investments and HiJoJo Partners.

Mojo Vision microLED contact lenses generations image (January 2020)

Mojo Vision also announced that it has partnered with several leading sports brands, including Adidas, Wearable X, Trailforks, Slopes and 18Birdies. Together with these companies, Mojo "showcased at CES 2022 the potential role an effectively eye-mounted display could play in the lives of professional athletes".

San'an and CSoT launch their microLED Joint Venture

In March 2020, we reported that CSoT (owned by TCL) and San'an Optoelectronics have agreed to co-develop micro LED materials and production processes and equipment, in a 300 million Yuan (around $43 million USD) investment.

A few days ago it was reported by the Xiamen Xiang'an Industrial Zone that the new CSoT/San'an joint project have been officially launched. CSoT and San'an Optoelectronics established a new company called Xiamen Xinying Display Technology, which will establish an R&D base in the Xiang'an industrial zone.

PlayNitride plans to go public in 2022, demonstrsates a new 1.58" passive-matrix PMOLED display

According to reports from Taiwan, PlayNitride is planning to IPO in 2022. PlayNitride started to sample micro-LED at the end of 2017, and in 2018 PlayNitride demonstrated its first Micro-LED prototypes. PlayNitride has a pilot production facility at Hsinchu Science Park. In 2020 PlayNitride started constructing a second production line that will start mass producing in H2 2021.

The company is also showcasing new microLED displays at Opto Taiwan 2021, which started today. The most interesting display is a 1.58" 256x256 Passive Matrix display. The company collaborated with Solomon Systech to develop the IC for this display.PlayNitride says that this display could be commercialization in 2022. PlayNitride have demonstrated PM-MicroLED displays before, together with RiTDisplay.