Mojo Vision, a Saratoga, CA-based micro-LED company, closed its Series A funding at $43.5M.
The round was led by New Enterprise Associates (NEA) and Khosla Ventures, and new investor Vanedge Capital, with participation from Shanda Grab Ventures, Dolby Family Ventures, Advantech Capital, Liberty Global Ventures, Drew Perkins, Fusion Fund, Open Field Capital and Knollwood Investment Fund.
The company intends to use the funds to advance its micro-LED display technology across applications and bring it to the commercialization phase.
Led by chief executive officer Nikhil Balram, Mojo Vision is focused on developing and commercializing micro-LED display technology for consumer, enterprise, and government applications. Its proprietary quantum-dot technology brings full color capability to its display platform, and meets the superior performance demands for all form factors. The company’s technology is expected to improve performance of augmented reality (AR) and mixed reality (XR) advanced displays.
The funding follows several company milestones including demonstrating the world’s highest-density (14K ppi) true red micro-LED microdisplay and successful light-up of the first-ever 300mm blue GaN-on-Silicon micro-LED array wafer.
FinSMEs
12/10/2023