Kateeva, a Newark, CA-based OLED production equipment for manufacturers of advanced electronics technologies, closed its $88m Series E funding round.
Backers included BOE, Cybernaut Venture, GP Capital Shanghai, Redview Capital, and TCL Capital, all located in China, which joined existing investors Samsung Venture Investment Corporation (SVIC), Sigma Partners, Spark Capital, Madrone Capital Partners, DBL Partners, New Science Ventures, and VEECO Instruments, Inc. New Board seats will be filled by an executive from BOE, Redview Capital, and TCL Capital respectively.
The company, which has raised $200m to date, intends to use the funds to accelerate product development, strengthen customer satisfaction infrastructure in Asia, and support continued R&D.
Founded in 2008 and led by Chairman and CEO Alain Harrus, Ph.D., Kateeva provides a precision deposition technology platform – known as the YIELDjet™ platform – that uses innovative inkjet printing to deposit coatings on complex applications to enable mass production of flexible and large-size OLED displays, among other products.
The company maintains operations in Korea, China, Japan and Taiwan.