Kateeva, a Menlo Park, CA-based developer of an inkjet printing manufacturing equipment solution, closed a $38m Series D round of financing.
Backers included new investor Samsung Venture Investment Corporation and existing investors Sigma Partners, Spark Capital, Madrone Capital Partners, DBL Investors, New Science Ventures, and VEECO Instruments, Inc.
The company, which has raised more than $110m in total funding, intends to use the funds to support its manufacturing strategy and expand its global sales and support infrastructure.
Founded in 2008 and led by Chief Executive Officer Alain Harrus, Kateeva makes the YIELDjet™ platform, a precision deposition platform that leverages inkjet printing to mass produce flexible and large-size OLED panels. Production systems are currently being built at the company’s facility in Menlo Park, Calif. to fulfill early orders.