Azumo (formerly FLEx Lighting), a Chicago, IL-based display technology company, raised $30m in financing.
The round was led by Anzu Partners with participation from SABIC Ventures, VectoIQ, Dipalo Ventures and Energy Foundry.
The company intends to use the funds to accelerate international expansion, increase its manufacturing capabilities and help launch new products featuring its low power LCD 2.0TM technology.
Azumo offers sunlight-readable, reflective LCD 2.0 technology with high energy savings compared to traditional, power-hungry backlit LCDs. The technology is eye safe, thin, and is opening new applications for reflective LCDs across consumer, medical, industrial, and educational markets. With a range of 1″-17″ in size, Azumo displays can easily integrate into any device.