Mojo Imaginative and prescient raises $22.4M in new Sequence A funding spherical

April 10, 2023 – Mojo Vision, developer of the ‘Mojo Lens’ augmented actuality (AR) sensible contact lens that pivoted earlier this year to as an alternative give attention to micro-LED shows, has lately introduced a USD $22.4 million Sequence A funding spherical.

In accordance with Mojo, the brand new funding will assist with the event and commercialization of the corporate’s micro-LED show expertise for client, enterprise and authorities functions. The funding spherical was led by present traders, NEA and Khosla Ventures, with participation from further traders together with Dolby Household Ventures, Liberty International Ventures, Fusion Fund, Drew Perkins, Open Area Capital, and Edge.

Mojo initially targeted on the AR market with its Mojo Lens gadget, which was the the smallest, densest dynamic show ever made and delivered a pixel pitch of over 14,000ppi, based on the corporate. With the Mojo Lens now halted, Mojo has determined to focus as an alternative on figuring out alternatives within the wider XR market, in addition to within the automotive, mild area show, and huge format show markets, plus others that require excessive efficiency micro-LED shows.

Along with the funding announcement, Mojo Imaginative and prescient additionally introduced that Dr. Nikhil Balram, who beforehand led the show group at Mojo, has been appointed as Chief Government Officer. Dr. Balram brings over 30 years of semiconductor and show expertise expertise, having most lately held the place of chief govt officer at AR programs firm EyeWay Imaginative and prescient Inc. Previous to that, he led the event of show programs for all client {hardware} merchandise at Google, together with AR/VR.

“The market alternative within the show business is huge – over $100 billion. Typically so as to do one thing very huge, you need to begin very small. That’s precisely what we’re doing at Mojo,” stated Dr. Nikhil Balram, CEO of Mojo Imaginative and prescient. “We began by creating the world’s smallest, densest dynamic micro-LED show, and now we’re making use of that innovation to energy the following technology of shows. Mojo is combining breakthrough expertise, main show and semiconductor experience, and a sophisticated manufacturing course of to commercialize micro-LEDs for probably the most demanding {hardware} functions.”

“This spherical of funding will allow us to ship our breakthrough monolithic micro-LED expertise to prospects and assist deliver high-performance micro-LEDs to market,” continued Balram.

Mojo Imaginative and prescient co-founder Dr. Mike Wiemer will proceed as Chief Expertise Officer on the firm. The Mojo group contains micro-LED, show, and semiconductor specialists with expertise at corporations reminiscent of Google, Apple, HP, Marvell, Nationwide Semiconductor, IBM, AU Optronics, Lumileds, and Philips.

As well as, the corporate holds a portfolio of over 220 patents to this point, and has developed a proprietary Excessive Efficiency Quantum Dot (HPQD) expertise to make very small, very brilliant, very environment friendly RGB pixels.

The corporate’s expertise contains the next advances:

• Dynamic shows as much as 28,000 pixels per inch;
• Environment friendly blue micro-LED units at sub-µm scale;
• Excessive effectivity quantum dot ink for pink and inexperienced;
• Excessive brightness at 1M+ nits;
• A show system that includes an optimized CMOS backplane, wafer-to-wafer bonding, and customized micro-lens optics;
• A excessive quantity manufacturing course of that’s based mostly on 300mm gallium nitride (GaN) on Silicon, and an end-to-end 300mm move.

Mojo highlighted that micro-LEDs are the one show expertise that may meet all of the show necessities of the rising augmented and digital actuality (VR) market. As corporations work on extra immersive, experiential merchandise, micro-LEDs will probably be important parts to the shows inside these programs, enabling extra excessive decision, life-like photographs.

For extra data on Mojo Imaginative and prescient and its micro-LED expertise for the AR and VR market, please go to the corporate’s website.

Picture credit score: Mojo Imaginative and prescient

Sam Sprigg

Sam is the Founder and Managing Editor of Auganix. With a background in analysis and report writing, he has been masking XR business information for the previous 5 years.