OTI Lumionics, a Toronto, Canada-based leader in the development of advanced materials for consumer electronics, received a strategic investment from LG Technology Ventures – the venture capital investment arm of LG Group.
The amount of the deal was not disclosed.
This investment will be used to help accelerate the adoption of OTI’s materials in mass production, including its ConducTorr™ CPM solution for under display cameras.
Led by Michael Helander, Co-Founder and CEO, OTI Lumionics focuses on cathode patterning to enable new display applications for OLEDs, including transparent displays, under display cameras and sensors, foldable displays, and automotive displays.
Earlier this month, the company announced its latest version of ConducTorr™ Cathode Patterning Material (CPM) is ready for mass production and will start shipping in Q4 2020 for use in next generation mobile devices and other displays.
The investment from LG Technology Ventures was part of a larger strategic funding round, which including participation from another leading consumer electronics brand as well as existing investors Anzu Partners and Draper Dragon.