Pixel Qi Corp., a Taiwan and San Bruno, California-based developer of next generation LCD panels, has received an equity financing of undisclosed amount from 3M New Ventures as part of a Series B round.
The company intends to use the funds to develop its product offerings into volume consumer markets as well as digital signage and touch applications. The capital will also allow Pixel Qi to build and to strengthen its engineering and sales capabilities.
Founded in 2008 by LCD pioneer Dr. Mary Lou Jepsen (CEO), The company is initially designing sunlight-readable, low-power LCD panels aimed for mobile device applications. It designs all layers of the LCD, including each and every mask, the liquid crystal mode and material, the optical films, the driving scheme and the backlight.
Pixel Qi is a spinoff of One Laptop Per Child, the creator of the $100 laptop, where Pixel Qi CEO and founder Mary Lou Jepsen was chief architect and chief technology officer.