Azumo Raises $30M in Funding







Azumo(formerly FLEx Lighting), a ChicagoIL-based company for display technology, i.e. IL, raised $30m in financing.

Theround was led Anzu Partners with participation from SABIC Ventures, VectoIQ, Dipalo Ventures and Energy Foundry.

The company intends to use the funds to accelerate international expansion, increase its manufacturing capabilitiesAnd help launch new products featuring its low power LCD 2.0TM technology.

AzumoThis reflective LCD 2.0 technology can be seen in sunlight and offers high energy savings over traditional backlit LCDs. TheTechnology is safe for the eyes, thin, and has opened up new markets in reflective LCDs across all segments of the market: consumer, industrial, educational, and medical. With a range of 1″-17″ in size, AzumoDisplays can be easily integrated in any device.

FinSMEs

11/05/2022






Leave a Comment