VueReal, a leader in micro printing technology, announced today the closing of a 14.4 million USD oversubscribed Series B round of financing led by Cycle Capital. The funding will enable VueReal to expand its customer base, scale up its team and enhance its current facility.
Cycle Capital, an impact investor and leading cleantech venture capital investment platform, is joined by strategic investors TDK, world leader in electronic solutions for the smart society, and Vitro, the leader in NA glass manufacturing. Investment partners in the round also include Economic Development Canada and BDC Capital’s Cleantech Practice. The syndicate of investors join existing investors Samsung Ventures, LG Electronics Inc. and Veeco Instruments Inc.
The new round of funding will accelerate the commercialization of VueReal’s energy efficient micro printing platform and offer customers a broader range of custom display products with comprehensive use cases for AR, smartwatches, smartphones, automotive, signage and transparent displays.
“VueReal’s transfer technology platform is a key enabler for the adoption of next generation MicroLED displays. It is powering a new wave of displays for everyday consumer products that offer better performance while reducing their energy consumption profile. We look forward to supporting the team along their journey and collaborate with great investors including TDK, Vitro, BDC and EDC along the way” – Andrée-Lise Méthot, Founder & Managing Partner at Cycle Capital.
“With our innovative technology and accelerating commercial traction, VueReal is set for rapid growth. In addition to the funding, this Series B Round brings significant strategic partnerships and experience to VueReal which is crucial for the next stage of growth of the company.” – Reza Chaji, CEO of VueReal.
“MicroLEDs’ superior performance and low energy consumption is the holy grail of the display industry. However, its challenging assembly process has been the main limiting factor for many years. VueReal’s microprinting solution is a real game changer and we are very excited to back the team to take the microLED industry to the next level.” – Tina Tosukhowong, Investment Director at TDK Ventures.
“This new Vitro-VueReal partnership will allow us to tap into new functionalities with devices integrated with our residential, architectural, and automotive glass. This is a new platform that includes display products and sensors that can augment human interaction with our glass products. This completely enhanced experience will create value for consumers that interact with our glass through touch, visualization, security, and protection from digitally enhanced glass products.” – Martin Bracamonte, VP Marketing & Innovation at Vitro Architectural.
“Micro-LED represents an important step in the evolution of display technology given its lower energy consumption and next generation applications. We believe VueReal’s technology is poised to take micro-LED to a whole new commercial scale and are pleased to support the company with other like-minded partners to help them unlock their full potential.” – Jahangir Bhatti, Director, BDC Capital’s Cleantech Practice.
VueReal’s proprietary technology unlocks the potential of MicroLED displays by offering a scalable solution that achieves significantly increased yield and throughput. Until now, the MicroLED display market has been limited to either small or expensive large displays, and in AR applications, the displays have been limited to monochrome or low pixel resolution. VueReal’s microprinting platform can extend the use of MicroLED displays to wider applications by improving the cost, performance and production throughput.
“VueReal’s technology enables a wide range of applications from compact microdisplays, to cost-competitive high-volume consumer displays, to fully customized displays. VueReal’s microprinting solution has been validated by several major companies – including leaders in automotive and consumer electronics as well as major equipment vendors.” – Reza Chaji, CEO of VueReal.