SANTA ANA, Calif. A USD 22.4 million new Series A investment round has been announced by Mojo Vision, a high-performance micro-LED firm, to develop further and commercialize its micro-LED display technology for consumer, business, and governmental applications. NEA and Khosla Ventures, already investors, are leading the investment round. Other investors in the game include Dolby Family Ventures, Liberty Global Ventures, Fusion Fund, Drew Perkins, Open Field Capital, and Edge.
The next generation of micro-LEDs, which are being developed by Mojo Vision using cutting-edge semiconductor technology, will upend the worldwide display market, whose sales, according to DSCC, a prominent provider of display market research, are expected to reach more than $160 billion in 2026. To deliver actual value and promote wider adoption, the business has recognized the market potential in the following sectors:
- Augmented and virtual reality (AR/VR)
- Automotive, light field display
- Large format displays
- Others
The tiniest, densest dynamic display was created by Mojo Vision in 2019 and is an essential part of their bright contact lens, Mojo Lens. The most minor, densest panel for emotional information, this unique monochrome display technology from Mojo Vision achieved a world-record pixel pitch of over 14,000ppi. The business recently declared that it was slowing down the development of its bright contact lens to focus resources on creating and commercializing its superior Micro-LED display technology.
Dr. Achin Bhowmik, president of the Society for Information Display (SID), the top trade association for the display sector, stated of Dr. Balram, “He is highly known and respected across the display industry for his technical and commercial triumphs. He received the renowned Otto Schade Award in 2016 for his excellent contributions to improving information display image quality.
Dr. Mike Wiemer, a co-founder of Mojo Vision, will remain the business’s chief technical officer. His vision and knowledge inspired the Mojo team to create the tiniest, densest micro-LED display in the world.
Dr. Paul S. Martin, senior vice president of display engineering, and Dr. Grace Lee, vice president of display product management, are two other essential team members with extensive experience in display technology. Drew Perkins, a co-founder of Mojo Vision, will continue to serve as board chairman. Micro-LED, display, and semiconductor experts with backgrounds at Google, HP, Marvell, Apple, National Semiconductor, IBM, AU Optronics, Lumileds, and Philips are part of the Mojo team. The ideas of Mojo Vision are currently covered by a portfolio of more than 220 patents.
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