Mojo Vision has recently secured a $75 million Series B Prime investment round to further develop its powerful micro-LED platform for XR glasses. The funding, led by Vanedge Capital, also included investments from existing shareholders and new investors, bringing the company’s total funding to $345 million. Mojo Vision, originally focused on smart contact lenses, has shifted its focus to the micro-LED technology that first gained attention in 2022.
Founded in 2015, Mojo Vision is now concentrating on developing micro-LED technology that enables mass production onto silicon chips, incorporating advanced components like gallium nitride (GaN) on silicon emitters, quantum dots, and micro-lens arrays. This technology results in displays that are bright, small, and energy-efficient.
CEO Nikhil Balram stated, “Through our micro-LED technology development, Mojo has made significant advancements in establishing breakthrough performance standards while laying the foundation for micro-LEDs as a platform for AI innovation in large market segments.” The company aims to utilize the micro-LED platform not only for XR glasses but also for large format displays and optical interconnects for AI infrastructure.
Mojo Vision’s pivot to focus on micro-LED technology showcases its commitment to innovation and advancing the capabilities of display technology. With the recent funding round and industry support, Mojo Vision is poised to lead the way in commercializing micro-LED applications that have the potential to revolutionize various industries.
