iView Limited, a Hong Kong-based major global pico-projection engine provider, completed its series B funding round valued at over RMB 100m.
CMS Zhiyuan Capital Co., Ltd., an investment platform of China Merchants Securities (CMS), was the lead investor.
The company intends to use the funds for research and development, boosting industrial capacity, and expanding new application scenarios of pico-projection technology.
Founded in 2006, iView is committed to the research and development of optoelectronics and pico-projection, the commercialization of research and development results, as well as the consumer goods and application in industrial fields. Main clients include providers of projectors, projector phones, and HUD for automotive.
The company is involved in promoting the application of pico-projection in home entertainment, further achieving high-definition and miniaturization of pico-projectors, launching “Projection +” by integrating with other fields, which include mobile electronics, automobile electronics and smart homes.