Mojo Vision Secures $22M in Funding and Shifts Focus to Micro-LED Displays for XR and Other Applications

Mojo Vision Secures $22M in Funding and Shifts Focus to Micro-LED Displays for XR and Other Applications

Time Stamp: April 6, 2023 8:51 AM
Source Node: 2569687

Mojo Vision, a California-based startup, has recently announced that it has secured $22 million in funding to develop its micro-LED display technology for use in augmented reality (AR), virtual reality (VR), and other applications. The company’s focus on micro-LED displays is a significant shift from its previous focus on developing smart contact lenses.

Micro-LED displays are a promising technology for AR and VR applications because they offer high brightness, high contrast, and low power consumption. They are also small enough to be integrated into wearable devices, such as smart glasses or helmets. Mojo Vision’s micro-LED displays are designed to be ultra-thin and flexible, making them ideal for use in curved or irregularly shaped surfaces.

Mojo Vision’s micro-LED displays also have the potential to revolutionize other industries, such as healthcare and automotive. For example, the displays could be used in medical devices to provide real-time information to doctors and nurses during surgeries or other procedures. In the automotive industry, the displays could be used in heads-up displays (HUDs) to provide drivers with important information, such as speed and navigation directions, without taking their eyes off the road.

Mojo Vision’s shift in focus from smart contact lenses to micro-LED displays is a strategic move that reflects the company’s commitment to developing innovative technologies that have the potential to transform multiple industries. The company’s CEO, Drew Perkins, stated that “our vision is to create a world where information is available at a glance, and our micro-LED display technology is a critical component of that vision.”

The $22 million in funding that Mojo Vision has secured will be used to further develop its micro-LED display technology and bring it to market. The company has already demonstrated its technology to potential partners and investors, and it has received positive feedback from industry experts.

Mojo Vision’s micro-LED displays have the potential to revolutionize the way we interact with information and technology. As the company continues to develop its technology and bring it to market, we can expect to see new and innovative applications emerge in multiple industries.