Investment from Applied Ventures To Propel OLED Microdisplays
MICROOLED, the leading manufacturer of high-resolution, low-power OLED microdisplays, today announced an investment by Applied Ventures, LLC, the venture capital arm of Applied Materials, Inc., the leader in materials engineering solutions used to produce virtually every new chip and advanced display in the world. The investment from Applied Ventures will help fast-track MICROOLED’s development of full-color, high-luminance RGB OLED solutions.
GRENOBLE, France, October, 2024 – The leap in OLED microdisplay technology is akin to taking a giant step into the future of visual experiences. Since 2007, MICROOLED has developed a wide range of OLED microdisplays based on core technologies derived from the semiconductor industry. With the new investment from Applied Ventures, the company is well positioned to drive further innovation in the field of ultra-light microdisplays for mixed-reality headsets, smart glasses and other wearable technologies. The funding will allow MICROOLED to finance the development of the next range of full-color, high-luminance RGB OLED solutions.
Mixed-reality headsets, smart glasses and other wearable technologies require the use of embedded microdisplays that can offer high luminance and contrast, but also very low power. “Augmented and virtual reality are huge market opportunities, but successful products can only be achieved by mastering the key technologies down to the pixel level,” said Eric Marcellin-Dibon, CEO of MICROOLED. “We are developing unique solutions for this market based on our high-efficiency OLED technology. The investment from Applied Ventures will help accelerate our progress and bring the industry one step closer to realizing the full potential of AR/VR.”
“OLED microdisplays have the potential to enable a wide range of new AR/VR experiences,” said Anand Kamannavar, Vice President and Global Head of Applied Ventures. “With this investment and our expertise in advanced display manufacturing, we look forward to helping MICROOLED deliver a new generation of ultralight, low-power wearables.”
About MICROOLED | https://microoled.net
With tens of millions of dollars invested in research and development since its creation in 2007 in Grenoble’s Tech Valley, MICROOLED specializes in the design, production and marketing of OLED microdisplays for near-eye applications (outdoor optical equipment, night vision glasses, ocular equipment for medical devices, augmented reality glasses, etc.). In just a few years, MICROOLED has become a key partner of the world’s top technology integrators with a unique technology that combines high resolution, high levels of brightness and low energy consumption. Thanks to its solid stand-out technological expertise, MICROOLED is the leading player in Europe and number two worldwide in its historical markets. The company is now looking to conquering the SporTech market with the roll-out of ActiveLook(R), its disruptive solution for augmented reality glasses designed for sports enthusiasts around the world.
About Applied Ventures
Applied Ventures, LLC, the venture capital arm of Applied Materials, invests globally in technology companies across the Materials to Systems™ stack that have the potential to deliver high growth and exceptional returns. Its investments help develop technologies and markets that provide natural extensions to Applied Materials’ core business and stimulate the growth of applications for semiconductors, displays and related products and services. Learn more at www.appliedventures.com or follow us on X @Applied_VC.
Contacts
For additional information on MICROOLED please contact:
Eric Marcellin-Dibon, CEO: eric.marcellin-dibon@microoled.net
Jean-François Kitten (LicenceK): jf@licencek.com +33 6 11 29 30 28
