Micledi Microdisplays BV, a fabless developer of MicroLED display modules for augmented reality (AR), announced that it has secured nearly $30 million in funding to date, following the first closing of its Series A round. The round saw participation from imec.xpand, PMV, imec, KBC, and SFPIM.
The Leuven, Belgium-based company, spun out from the R&D center imec in 2019, has validated a unique 300mm wafer manufacturing methodology and demonstrated best-in-class blue and green GAN-based MicroLED arrays with pixel-by-pixel microlenses. Micledi plans to use the new funds to expand its team, design an active backplane ASIC, and create a fully-functional MicroLED display module for AR glasses.
Micledi has also agreed to transfer its MicroLED manufacturing flow into Global Foundries’ (GF) CMOS fab, in conjunction with backplane ASICs designed in GF’s advanced CMOS process nodes. The company is set to have full-color modules with an active backplane available in 2024 and will introduce its first demo glasses in the first half of the second quarter.
