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Google Inc has invested 15 million USD for a 13 percent stake in Glo, a university spin-out focused on creating nanowire-based LED-displays for mobile phones and smart watches as well as AR- and VR-applications.
(Image: Google) |
(Image: Glo) |
Glo’s display technology is an example of what the industry refers to as micro LED, giving better contrast and lower power consumption than LCD screens while yielding higher overall brightness than OLED. The last few years, both Apple and Facebook-owned Oculus have acquired start-up companies within the field of micro LED.
Actual image of Glo's Micro LED display (Image: Glo) |
The small diode size of micro LED-displays makes it possible to increase the resolution on very small screens, for example in smart watches or VR- and AR-goggles like Google Glass.
Rapidus has been unable to reach Glo’s CEO Fariba Danesh or chairman Ajit Nazre for comment on the funding round. According to Glo’s annual report for 2016, the company is expecting a total of 45 million dollars from this funding round, partly dependent on certain mileposts being reached.
Glo’s technology is originally based on extensive research conducted at the Center for Nanoscience at Lund University.
(Originated from Rapidus)