Grenoble-based deeptech company MICROOLED raises €21 million to upscale smart glasses production
Summary
Is in this context that MICROOLED, a leading manufacturer of high resolution, low power consumption OLED microdisplays, announced a €21 million fundraising led Jolt Capital, a specialist in private equity for responsible deeptech companies, with the French sovereign wealth fund Bpifrance via its Innovation Defense vehicle, alongside both historical investors, Cipio Partners and Ventech. The fresh capital will allow MICROOLED to finance the development of the next range of full colour, high luminance OLED solutions, expand manufacturing capabilities in Grenoble, and grow international sales teams in the security segment and the B2B ActiveLook platform model. Patented core technologies in the field of semicon, a genuine potential to build manufacturing capacity in Europe, a series of fast growing B2B markets, and powerful but energy frugal products. The French company assures that it can address both consumer and recreational markets (the ActiveLook head-up display module to be embedded in glasses for real-time visual information in hand-free activity use cases), and industry/security ones. Founded in 2007, the Grenoble-based company has developed a wide range of core technologies derived from the semiconductor industry, protected by over 170 granted patents, through close collaboration with neighbor CEA/Leti research centers.