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COINTURK FINANCE > Business > Morphotonics Secures Over $10M in Series B Funding
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Morphotonics Secures Over $10M in Series B Funding

Overview

  • Morphotonics secures over $10M in Series B funding.

  • New investors include 3M and BOM, co-led by Innovation Industries.

  • Funding will scale operations and expand global market reach.

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COINTURK FINANCE 9 months ago
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Eindhoven-based Morphotonics marked its 10th anniversary by launching a Series B financing round, securing over $10 million in the first closing. The company, known for its large-area nanoimprinting technology, aims to revolutionize display technology globally, making advanced 3-D displays and augmented reality (AR) smart glasses more accessible. The technology also provides energy-efficient solutions for mobile devices, driving innovation in visual experiences.

Contents
New Investors and Strategic SupportTechnological Advancements and Market Impact

Previous reports indicate that Morphotonics has consistently attracted investor interest, with significant funding rounds and grants supporting its technological advancements. The company had earlier secured a European Innovation Council (EIC) Accelerator Grant in June 2023, highlighting its continuous growth and the increasing confidence of investors in its pioneering nanoimprinting solutions. This consistent support underscores the industry’s recognition of Morphotonics’ role in transforming display technology.

New Investors and Strategic Support

New investors 3M and BOM (Brabant Development Agency) joined existing backer Innovation Industries in this financing round. BOM and Innovation Industries co-led the round. Morphotonics aims to leverage this investment to fuel its current projects and support the widespread adoption of next-generation displays.

“We are proud about our investment in Morphotonics, co-leading this round with the existing investor. The company works at the forefront of nanoimprint lithography and this investment not only fuels their existing work but also marks a significant step forward in supporting the widespread adoption of next-generation displays,” said Ivana Sersic, Investment Manager at BOM.

Technological Advancements and Market Impact

Morphotonics continues to advance display technology with its Roll-to-Plate (R2P) technology, capable of adding trillions of lenses over large areas. This innovation supports the development of high-performance mobile screens, 3D displays, outdoor-readable smartphones, and immersive AR smart glasses. The company’s large-area nanoimprint technology allows the precise addition of complex structures to substrates, making these advanced technologies commercially viable and accessible.

The newly secured funding will enable Morphotonics to scale its operations, expand its global customer base—particularly in Asia—and establish fully automated large-area nanoimprinting as a standard in display optics production. This expansion aligns with the company’s goal to serve leading innovators in display technology.

“We are at the brink of major growth for applications like glasses-free 3D displays and Smart AR Glasses. With this new funding, we will strengthen our market and technical leadership and expand our impact on the consumer electronics and display markets,” remarked Jan Matthijs ter Meulen, co-founder & CEO of Morphotonics.

The strategic involvement of investors like 3M Ventures and BOM signifies strong support for Morphotonics’ vision. 3M Ventures focuses on advancing innovation and business growth by investing in emerging companies, while BOM supports startups in sustainable and technological advancements. Innovation Industries, with significant capital under management, invests in deep tech companies addressing global challenges.

The continuous support and significant investments highlight Morphotonics’ potential to push the boundaries of display technology. With the new funding, the company is well-positioned to enhance its technological capabilities, expand its market reach, and contribute significantly to the consumer electronics and display sectors. This strategic growth will likely lead to broader adoption of advanced display solutions, benefiting a wide range of industries and consumers.

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Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should conduct their own research.

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