Spatial Photonic raises $26M for new microdisplay technology
Spatial Photonics, a Sunnyvale, Calif. start-up developing high-definition microdisplays that will compete with existing microdisplay technologies, has raised about $26 million in a second round of funding, according to a regulatory filing.
Here’s a definition of microdisplays and why they are used.
Khosla Ventures and DAG Ventures invested, along with existing backers Intel Capital and Kleiner Perkins Caufield & Byers, according to PE Week.
It is one of the ten or so companies where well-known venture capitalist John Doerr (backer of Google, Amazon, Sun, etc.) sits on the board. The board also includes Vinod Khosla, another accomplished venture capitalist (Juniper, Cerent, Siara).
According to the company, its microdisplay has “an array of ultra-fast, reflective digital light modulators that precisely control and modulate the light intensity. The proprietary technology provides a highly competitive alternative to the Digital Micro mirror Display (DMD), High Temperature Poly-Silicon (HTPS) and Liquid Crystal on Silicon (LCoS) display technologies currently used in the booming microdisplay projection market.”
The company was founded in 2004, and received $8 million from Kleiner and Intel at the end of that year.
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About the Author, Matt Marshall
Matt launched VentureBeat in September of 2006, with the realization that no one else was covering the entrepreneurial and tech innovation scene with the velocity or depth that he was. Prior to founding VentureBeat, he covered venture capital for the San Jose Mercury News from 2001 to 2006. In 2002, Matt was awarded "Journalist of the Year" by the Northern California Society of Professional Journalists. Prior to working at the Merc, he was a correspondent for the Wall Street Journal in Bonn, Germany from 1995 to 1998, and a writer for the Washington Post in 1994. Matt holds a PhD in Government and an MA in German and European Studies from Georgetown University. In addition to VentureBeat, Matt is also the Executive Producer of DEMO, the leading launchpad event for emerging technologies.
