Quantum Dot, MicroLED Pioneer Nanosys Secures Over $50M in Growth Capital Financing
July 26, 2022 | Business WireEstimated reading time: 1 minute
Nanosys, the industry innovator and leading supplier of quantum dot and microLED technologies for advanced displays, announced that it has raised more than $50 million in Series B equity and debt financing. The initial close of this round includes as new investors funds managed by affiliates of Fortress Investment Group, Centerbridge Partners and Kilonova Capital.
“This is a major milestone for Nanosys, adding capital and resources needed to enable us to expand our development of industry-leading innovative technologies, including quantum dots, microLEDs and nanoLEDs, which will be rapid growth drivers for 2023 and beyond,” said Jason Hartlove, President and Chief Executive Officer of Nanosys. “We are pleased to partner with Fortress, Centerbridge and Kilonova. The commitment from these respected institutions provides strong validation of our business model, team, intellectual property and market opportunity.”
The Series B financing round, Nanosys' largest to date, supports the continued rapid expansion of QDEF™ and xQDEF™ quantum dot technologies for LCDs, and drives the commercialization of Nanosys microLED technology platform as well as the development of next-generation nanoLEDs.
"Nanosys has built an exceptional business powered by proven, innovative technologies protected by strong intellectual property," said James Palmer, Managing Director of the IP Finance Group at Fortress. “We are excited to provide a capital solution that positions Nanosys for significant growth in the years ahead.”
“Jason and the Nanosys team are poised to drive excellent performance and exciting innovation in the display industry,” said Shanshan Cao, Senior Managing Director at Centerbridge. “We look forward to our partnership and supporting the Company in the next stage of its growth.”
Wes Goldstein, a Founder and Partner at Kilonova Capital, added, “We have developed significant conviction that quantum dot enabled LCD displays will experience strong growth over the next several years and look forward to partnering with Nanosys.”
Suggested Items
Micron’s Full Suite of Automotive-Grade Solutions Qualified for Qualcomm Automotive Platforms to Power AI in Vehicles
04/17/2024 | MicronMicron Technology, Inc. announced that it has qualified a full suite of its automotive-grade memory and storage solutions for Qualcomm Technologies Inc.’s Snapdragon® Digital Chassis™, a comprehensive set of cloud-connected platforms designed to power data-rich, intelligent automotive services.
SMT Prospects and Perspectives: AI Opportunities, Challenges, and Possibilities, Part 1
04/17/2024 | Dr. Jennie Hwang -- Column: SMT Perspectives and ProspectsIn this installment of my artificial intelligence (AI) series, I will touch on the key foundational technologies that propel and drive the development and deployment of AI, with special consideration of electronics packaging and assembly.
Neura Robotics and OMRON Forge Strategic Alliance to Revolutionize the Manufacturing Industry with Cognitive Robots
04/16/2024 | BUSINESS WIRENeura Robotics, a global pioneer in cognitive robotics, and Omron Robotics and Safety Technologies Inc., a global leader in industrial robotics and automation, are excited to announce their strategic partnership.
RTX Provides Blue Canyon Satellite to Help Solve a Crucial Climate Challenge
04/16/2024 | RTXBlue Canyon Technologies, RTX's small satellite manufacturer and mission services provider, announced the successful launch and initial contact with the MethaneSAT satellite.
Plastronics and the New IPC Guidelines for In-mold Electronics (IME)
04/11/2024 | Barry Matties, I-Connect007In the ever-evolving world of electronics, the roads for the integration of electronics assemblies into 3D structures continue to grow into a set of technologies used to produce 3D plastronics parts and revolutionize mainly the automotive industry. IPC has been developing standards for this set of technologies, led by Francisco Fourcade, IPC electronics technology standards manager.