VueReal secures $40.5m to scale MicroSolid printing
VueReal, the Canada-based developer of MicroSolid Printing technology, has secured access to $40.5 million in Series C funding.
The round was led by Export Development Canada (EDC) and included participation from existing VueReal investors, including Cycle Capital, BDC Capital's Cleantech Practice, and TDK Ventures.
The company says the funding positions it to scale up microLED and other micro semiconductor solutions using Microsolid Printing technology and support partners inintegrating microLEDs in commercial production for consumer electronics, automotive, and healthcare.
This announcement follows several recent breakthroughs for VueReal, including its partnership with microLED suppliers and foundries for cartridge scale-up production and significant patent portfolio growth.
“VueReal has always been committed to delivering and scaling its breakthrough MicroSolid Printing platform to redefine the display and sensing landscape. This latest funding round is a testament to our partners’ confidence in our technology and vision,” said Reza Chaji, CEO of VueReal.
“This new capital infusion will enable us to scale the mass production of microLED lighting and displays while empowering our partners to enhance their production capabilities. By expanding the ecosystem, we aim to ensure the seamless integration of Microsolid Printing technology into production lines worldwide.”
Lissa Bjerkelund, VP, Investments and Mid-Market Lending at EDC. "VueReal's cutting-edge technology and commitment to establishing a world-class production platform are pivotal in unlocking the vast potential of microLED and other micro semiconductor innovations across industries."
“VueReal is transforming the lighting and display industry and creating a scalable, sustainable pathway for advanced manufacturing,” said Andrée-Lise Méthot, founder & managing partner of Cycle Capital. “We value VueReal’s ability to drive innovation and commercialise the technology through innovative business plans.”
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