Saratoga, CA-based micro-LED tech company, Mojo Vision, recently announced raising $22.4 million in the first close of their Series A funding round. Existing investors, NEA and Khosla Ventures, led the round with participation from other investors including Dolby Family Ventures, Liberty Global Ventures, Fusion Fund, Drew Perkins, Open Field Capital, and Edge.
The company plans to use the funds to fuel growth and broaden its operations. Under the leadership of CEO Nikhil Balram, Mojo Vision is committed to developing and commercializing micro-LED display technology for a range of applications, including consumer, enterprise, and government sectors. By merging technology, display, and semiconductor expertise with an advanced manufacturing process, the company aims to fulfill the potential of micro-LED displays.
Mojo Vision has already made significant strides in the field, having developed a dynamic display for the first Augmented Reality (AR) smart contact lens. The company now seeks to leverage its innovation and expertise in the $160 billion display industry.
This successful funding round highlights the confidence of investors in Mojo Vision’s technology and its potential to transform the micro-LED display market. As the company continues to expand its operations, it is poised to make a significant impact on the future of display technology across various sectors.