The investment round follows Nanosys' achievement of more than $250 million in lifetime revenues alongside several recent product developments and customer milestones.
FREMONT, CA: Nanosys, the industry-leading supplier of quantum dots for the display industry, completed a $20 million strategic financing, which will enable it to continue its expansion and growth.
A leader in quantum dots for displays, Nanosys materials, and technology, can now be found in more than 400 models of consumer devices, across product categories including tablets, laptops, monitors, and TVs, in sizes from 13" to 98".
"With our business continuing to scale and the continued interest and adoption of quantum dots, we feel we have a great validation of both our business model and the durability of quantum dots as the go-to technology for advanced TV now," said Jason Hartlove, President and CEO of Nanosys. "We plan to continue to create and deliver the very best quantum dot materials to enhance the user experience in advanced TV, ahead of OLED and other display technologies. With the global pandemic and stay at home and work from home becoming ubiquitous, the best visual experiences are a more important part of people's lives than ever before, and quantum dot displays deliver that to the consumer better than any other technology."
Along with the new investment, Nanosys also announced new strategic relationships with Shoei Chemical of Japan and Nagase and Co, one of the world's leading chemical trading companies last week. Previously, the company announced a partnership to move beyond displays into the use of quantum dots for agriculture applications. This new investment will also allow Nanosys to continue to expand into other new markets with the addition of new supply chain capabilities and sales presence in countries throughout the world.