The round was led by Vanedge Capital, investments made by current shareholders, including Edge Venture Capital, New Enterprise Associates (NEA), Fusion Fund, Knollwood Capital, Dolby Family Ventures, and Khosla Ventures, and new shareholders, including imec.xpand, Keymaker, Ohio Innovation Fund, and Hyperlink Ventures.
“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,” says Mojo CEO Nikhil Balram, “this oversubscribed funding round and strong industry support mark a new phase in the design and production of our next-generation micro-LED platform. The company is on an accelerated path to commercialise micro-LED applications that can power AI.”
Moe Kermani, Vanedge Capital managing partner and Mojo Vision board member said, “Mojo Vision has consistently shown over time how it can push the boundaries of what is possible in the development of micro-LEDs. Mojo’s micro-LED platform has the power to transform the performance of AI infrastructure and reach of AI applications.”
Over the last 9 years, Mojo Vision’s team of engineers developed a highly flexible wafers-in, wafers-out micro-LED platform that integrates advanced 300mm silicon architecture, GaN-on-Silicon emitters, high-performance quantum dots, and micro-lens arrays. This approach resolves conventional trade-offs between size, brightness, bandwidth density, and power.
