Polyera has secured $24.5MM in Series C funding
The company has secured $24.5MM in Series C funding in a round led by Chengwei Capital and Tsing Capital, and joined by all existing investors including Solvay, an international group active in chemistry. It plans to use the funds to accelerate development activities while making a major investment in its Asia-Pacific operations in preparation for market launch.
Display technologies from LCDs and OLEDs to touch panels have been fundamental in enabling post-PC devices such as smartphones and tablets. Product designs, however, continue to be greatly limited by compromises between display size and overall device size and weight. This limitation is becoming more relevant as users perform an increasingly broad range of tasks on post-PC devices. Flexible displays will not only greatly reduce the weight and thickness of devices, but will allow for the first time the production of small ultra-portable devices with displays that can fold or roll out as needed.
Visit Polyera at www.polyera.com
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