- InZiv recently announced it raised $10 million in Series A1 funding. These are the details.
InZiv – a leader in high-resolution inspection and repair of microLED, QLED, and OLED displays – announced that it has raised $10 million in a Series A1 round led by BlueRed Partners, a Singapore based venture capital fund. The co-investors include OurCrowd, a number of Asian family offices, and existing investors.
The company is planning to use the capital to accelerate its product development of fast electroluminescence (EL) and photoluminescence (PL) automated solutions, make strategic company appointments, and expand its global presence with a particular focus on the US and Asia to support growing customer demand. And the company has also announced that Yishai Klein, Managing Partner and Co-Founder of BlueRed Partners, and Itzhak Edrei, President Emeritus of Tower Semiconductor, will be joining the Board of Directors.
InZiv’s unique approach harnesses advanced nano-optical technology to empower display manufacturers to effectively inspect advanced displays with the highest optical and spectral resolution. And their solution enhances the manufacturing process, boosts yields, and enables greater consumer access to the latest microLED and QLED products such as near-eye AR smart glasses, wearable devices, and foldable screens.
These products are being developed with significantly smaller pixels than past display technologies, with pixel sizes shrinking from hundreds of microns to single micron and below, and the industry lacks the effective inspection equipment that is necessary for these high-resolution displays. And InZiv’s nano-optical technology addresses this by detecting even the tiniest of light and color defects within pixels, with resolution reaching the sub-micron scale.
KEY QUOTES:
“InZiv began with a vision to provide the necessary tools to address the unique inspection and repair challenges currently facing the next-gen display industry. The microLED market is expected to exceed $21B by 2027, with CAPEX alone growing to $8B over the coming years. It has been exciting to see just how quickly the market has responded to our unique nano-optical solutions, with leading manufacturers among our growing customer base. With the support of our valued investors, InZiv is ready to take the next steps in developing the high-resolution tools that are needed to continue to enhance advanced display technologies and make them accessible and affordable to the average consumer.”
— Founder and CEO David Lewis
“We are thrilled to be investing in InZiv, which is positioned to be one of the leaders in the microLED industry. InZiv has already made a name for itself in the next-generation display industry and counts some of the world’s leading companies among its customers. We are especially excited to help InZiv in this next chapter of growth as the company expands into the Asian market, which is such a critical part of the display industry.”
— Yishai Klein, Managing Partner and Co-Founder of BlueRed Partners
