Mojo Vision, the invisible computing company, based in Saratoga, Calif., has secured $22.4M in a recent Series A investment round to propel the development and commercialization of its microLED display technology for consumer, enterprise and government applications.
This most recent funding round consisted of existing investors, NEA and Khosla Ventures and featured participation from Dolby Family Ventures, Liberty Global Ventures, Fusion Fund, Drew Perkins, Open Field Capital, and Edge.
Having been originally developed for use in smart contacts, Mojo Vision’s monochrome display reportedly delivers a pixel pitch of over 14,000 ppi. The company’s more recent pivot to the development of microLED technology for broader applications comes following an announcement made during CES.
In a press release regarding the new funding round, the company states it has identified market opportunities in the areas of augmented and virtual reality (AR/VR), automotive, light field display and large-format displays that it sees as being prime development opportunities for its microLED technology.
“The market opportunity in the display industry is big – over $100 billion. Sometimes in order to do something very big, you have to start very small. That is exactly what we are doing at Mojo,” adds CEO Nikhil Balram.
Balram continues, “We started by developing the world’s smallest, densest dynamic micro-LED display, and now we are applying that innovation to power the next generation of displays. Mojo is combining breakthrough technology, leading display and semiconductor expertise, and an advanced manufacturing process to commercialize micro-LEDs for the most demanding hardware applications.”
Mojo Vision’s New Leadership Team
In tandem with the new funding announcement, Mojo Vision has also announced the promotion of Balram, who previously led the display group at Mojo to that of chief executive officer.
Balram brings over 30 years of semiconductor and display technology experience, having most recently held the position of chief executive officer at AR systems company EyeWay Vision Inc.
Prior to that, Balram led the Display Group at Google, leading development of display systems for all Google consumer hardware products, including AR/VR. His past positions include chief executive officer at Ricoh Innovations Corporation, vice president and general manager at Marvell Semiconductor, and chief technology officer of National Semiconductor’s Display Group.
“Dr. Balram is widely recognized and respected throughout the display industry for his technical and business successes,” says Dr. Achin Bhowmik, president of the Society for Information Display (SID), the leading professional society for the display industry.
Balram was awarded the prestigious Otto Schade Prize in 2016 for his outstanding contributions to the advancement of image quality of information displays.
Other members of the leadership team include Dr. Paul S. Martin, senior vice president of display engineering and Dr. Grace Lee, vice president of display product management.
Mojo Vision co-founder Drew Perkins will remain as chairman of the board.
Another version of this article originally appeared on our sister-site CEPro on April 6, 2023. It has since been updated for Commercial Integrator’s audience.
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