Display manufacturer JBD completes hundreds of millions of yuan in Series B1 financing, focusing on MicroLED micro-display business

According to news from Shanghai Xianyao Display Technology Co., Ltd. on the 21st, the company recently successfully completed hundreds of millions of yuan in Series B1 financing. The financing funds will be mainly used for the research and development of MicroLED micro-display core technology, expansion of production capacity, talent introduction and in-depth expansion of ecological cooperation to meet the growing needs of the global AR+AI terminal market.

According to reports, this round of funds is mainly co-invested by Anhui Railway Fund, Fanghua Fund, Guangyue Investment, Chaos Investment, Ant Unicorn Fund, Shanghai Science and Technology Innovation Fund, Tin Venture Capital, China Merchants China Fund, etc.

Founded in 2015, JBD is committed to providing leading AR near-eye display solutions. Currently, there are nearly 50 smart glasses products using JBD MicroLED microdisplay technology on the market, including Rokid Glasses, INMO GO2, Thunderbird X3 Pro, Alibaba WowQuark AI glasses, etc. Among them, the company's product "Hummingbird Mini II" breaks through the size bottleneck of traditional AR light engines with an ultra-small volume of only 0.15 cubic centimeters, providing strong support for Quark AI glasses to achieve a naturally slim appearance.

JBD CEO Li Qiming said: "The smart glasses market has surpassed the proof-of-concept period and entered the stage of large-scale implementation. MicroLED microdisplay technology has been locked by industry consensus as the next generation mainstream solution for AR near-eye displays. The newly completed financing will significantly enhance JBD's R&D and production capacity reserves, and promote the popularization and application of MicroLED microdisplay technology in the field of AR near-eye displays."

Recently, many industry companies have entered the MicroLED field. For example, DrosophilaTougal Co., Ltd. recently borrowed money from Haylo to help it acquire Plessey, a well-known technology company in the global MicroLED field, in order to promote the maturity of MicroLED technology and products.