On September 4, Mojo Vision, a developer of Micro LED microdisplays, announced that it has completed a $75 million (approximately RMB 535 million) Series B financing round to advance the commercialization of its Micro LED technology platform.
Image source: Mojo Vision
This funding round was led by Vanedge Capital, with additional investment from existing shareholders Edge Venture Capital, New Enterprise Associates (NEA), Fusion Fund, Knollwood Capital, Dolby Family Ventures, and Khosla Ventures.
Mojo Vision stated that its Micro LED technology has made significant progress in performance, and the oversubscribed financing in this round will usher in a new phase in the design and production of its next-generation Micro LED technology platform. The company is accelerating the commercialization of Micro LED applications to support the development of AI (Artificial Intelligence).
According to available information, Mojo Vision initially focused on the development of Micro LED contact lenses, but shifted its focus to the research and development of Micro LED microdisplays in 2023.
Over nine years of development, Mojo Vision's engineering team has created a highly flexible "wafer-in, wafer-out" Micro LED technology platform that integrates an advanced 300mm silicon wafer architecture, a silicon-based gallium nitride emitter, high-performance quantum dots, and a microlens array. This approach addresses the balance between size, brightness, bandwidth density, and power consumption in Micro LED technology.
It is reported that Mojo Vision's Micro LED technology platform includes a monolithic RGB Micro LED display for AI smart glasses, which is built using submicron-level blue Micro LEDs and high-efficiency quantum dot ink. It features an optimized CMOS backplane, wafer-to-wafer hybrid bonding, and custom microlens optics. The product uses a 300mm GaN-on-Silicon process, which enables large-scale, low-cost production.
In addition, the technology platform also includes Micro LED optical interconnect technology, which features ultra-low power consumption of Sub-1 pJ/bit and bandwidth density of over 100 Tbps/mm2, meeting the power consumption, bandwidth and integration requirements of large-scale AI systems for interconnect technology.
It's worth noting that last September, Mojo Vision announced a collaboration with head-up display (HUD) technology company CY Vision to jointly develop Micro LED HUD automotive displays, utilizing artificial intelligence and 3D imaging technology to provide high-quality images and a wide field of view. (Compiled)
