US-based high-index material maker Pixelligent Technologies has raised $38 million in a non-dilutive growth capital backed by its intellectual property portfolio.
The capital was provided by a funding vehicle managed by MVolution Partners. Together with an equity investment from its its strategic and financial shareholders, Pixelligent raised $45 million.
Pixelligent says it will use the new funding to accelerate and expand commercial activities in its target markets in partnership with leading consumer electronics companies, and leverage its proprietary PixClearProcess platform to develop new synthetic metal oxides and applications.
In 2020, Pixelligent launched a new high performance refractive materials product line, the Pixclear Titana. In 2021 Pixelligent announced a partnership with Kateeva to optimize the light output efficiency by inkjet-printing of planarization layers over microlens arrays.
