Aledia, a Grenoble, France – based developer and manufacturer of next-generation 3D LEDs for display applications based on its gallium-nitride-nanowires-on-silicon platform, closed a $36M Series C financing round.
Backers included new investor Intel Capital and existing investors Braemar Energy Ventures, Demeter, the Ecotechnologies Fund of Bpifrance (the French national industrial bank), IKEA Group, Sofinnova Partners and Supernova Invest.
The company intends to use the funds to accelerate the speed of its LED technology development, including acquiring critical equipment.
Led by Giorgio Anania, CEO, chairman and co-founder, Aledia is developing a new generation of LEDs that are manufactured on large-diameter silicon wafers (200mm/8-inch, scalable to 300mm/12 inch) and targeted at mobile display applications. The company is working on next-generation displays with several large industrial partners and is developing large/existing displays (smart phones, laptops, tablets, etc.) as well as smaller, newer displays for VR/AR/MR and smartwatch applications, using its megapixel integrated silicon chips.
Aledia has subsidiaries in the US, Taiwan and Malaysia.