FLEx Lighting, a Chicago, IL-based supplier of thin front light technology, raised $9m in funding.
The round was led by venture capital firm Anzu Partners.
The company intends to use the funds to further expand its display portfolio to include consumer and educational tablets, as well as portable devices across industrial, medical, and IoT applications ranging from a 1” to 21” diagonal and increase its global footprint by opening an office in Changzhou, China to provide local support to its partners and growing customer base in the region.
Led by Mike Casper, CEO, FLEx has developed LCD 2.0™ display technology, a new generation of high performance displays that will heighten user experience and enable unique applications and use cases across consumer, medical, industrial, and educational markets. Its ultra-thin light transmission technology enables higher battery power savings and reflective color with video rate capability, while simultaneously providing readability in bright sunlight conditions without glare, all of which remain challenges for traditional LCD display technology and high-end emissive technology like OLED.