Technology innovator VueReal has obtained USD $40.5 million in Series C funding, led by Export Development Canada (EDC) and supported by existing investors Cycle Capital, BDC Capital's Cleantech Practice, and TDK Ventures. The investment aims to scale microLED and micro semiconductor production through the company's proprietary MicroSolid Printing™ technology.
The funding represents a strategic move to address critical manufacturing challenges in microLED development, potentially transforming display and sensing technologies across multiple sectors. By enabling cost-effective, high-volume production, VueReal's technology could significantly reduce barriers to advanced display and semiconductor integration.
Dr. Reza Chaji, VueReal's CEO, emphasized the importance of the investment, stating that the capital infusion will facilitate mass production of microLED lighting and displays while empowering industry partners to enhance their production capabilities.
Lissa Bjerkelund from EDC highlighted the significance of VueReal's technological innovations, noting the company's potential to unlock substantial opportunities in the global microLED market. The investment signals strong confidence in VueReal's approach to advanced manufacturing and technological development.
The funding follows recent company milestones, including strategic partnerships with microLED suppliers and foundries, and substantial growth in its patent portfolio. These achievements position VueReal as a potential leader in micro semiconductor innovation, with a focus on sustainability, performance, and scalability.
Industries such as consumer electronics, automotive, and healthcare stand to benefit from VueReal's technological advancements, which promise more efficient, affordable, and advanced display and sensing solutions.
