Tech Company Financing Transactions
OTI Lumionics Funding Round
OTI Lumionics secured a $55 million investment round on 10/26/2022. Backers included Anzu Partners, private investors and LG Technology Venture.
Transaction Overview
Company Name
Announced On
10/26/2022
Transaction Type
Venture Equity
Amount
$55,000,000
Round
Undisclosed
Investors
private investors (Lee Lau)
LG Technology Venture (Robert McIntyre)
Proceeds Purpose
The money will be used both to take its technology into production with a number of partners and to develop a secondary line of operations that was borne out of the first: OTI credits the breakthrough that it had with its own work on display materials to a "quantum and AI-driven computational platform" that it built itself, and so the plan will be to productize that as well to help other technologists and engineers solve their own thorny material science conundrums.
Company Information
Company Status
Private & Independent
Industry
Healthcare Services
Mailing Address
3415 American Drive, Unit 1
Mississauga, ON, L4V 1T4
CA
Mississauga, ON, L4V 1T4
CA
Phone
Website
Email Address
Overview
At OTI Lumionics we are developing advanced materials--by design--using quantum simulations, machine learning and real-world testing in pilot production. We are currently focused on key enabling materials for OLED displays that will be used in next-generation consumer electronics and automotive. Our advanced electrode materials, and associated manufacturing technology, are being used to build transparent displays and lighting.
Profile
Social Media
Company News
Facebook
YouTube
Management Team
Title
Name
Email & Social
Chairman
Carl Eibl
Chairman
John Ho
Chief Executive Officer
Michael Helander
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