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.
In February 2020 we posted an interview with VueReal's CEO. On December 2020 the company announced that its patented flipchip structure demonstrated higher yields and lower costs compared to standard vertical LED process. In 2018 VueReal closed its $10.5 million Series A funding round.