Nanosys, a Milpitas, Calif.-based supplier of quantum dots for the display industry, completed a $20m strategic financing.
The company intends to use the funds to continue to expand into other new markets though the addition of new supply chain capabilities and sales presence in countries throughout the world. The investment round follows the achievement of more than $250m in lifetime revenues alongside a number of recent product development and customer milestones.
Founded in 2001 and led by Jason Hartlove, President and CEO, Nanosys is a leader in quantum dots for displays, and its materials and technology can now be found in more than 400 models of consumers devices, across product categories including tablets, laptops, monitors and TVs, in sizes from 13″ to 98″. In addition to the investment, last week Nanosys also announced new strategic relationships with Shoei Chemical of Japan and Nagase and Co, one of the world’s leading chemical trading companies. Previously, the company announced a partnership to move beyond displays into the use of quantum dots for agriculture applications. Nanosys currently owns or has exclusive license rights to more than 500 issued and pending patents worldwide.