News from the investment community on December 19, recently,Leiyu Semiconductor(RaySolve) announced the completion of the Pre-A3 round of financing, which was funded by:Huaying CapitalLead the pitchSanqi Mutual Entertainment and miHoYoCo-investment. The funds raised will be used to accelerate R&D iteration, team expansion and small-scale mass production, and further consolidate Leiyu's leading edge in the field of single-chip full-color micro-LED micro-displays.
In 2021, Leiyu completed two rounds of financing, seed round and Pre-A round, and received investment from well-known institutions such as Source Code Capital, Gaorong Capital and Yaotu CapitalIn 2022, it completed two rounds of financing, the Pre-A+ round and the Pre-A++ round, and received strategic investment from Weihao Chuangxin and AAC Technologies. This round has been supported by the strategic investment of Huaying Capital, Sanqi Mutual Entertainment and miHoYo, which fully reflects the unanimous optimism of the capital market and the upstream and downstream of the industry on the innovation strength of Leiyu. In the future, Leiyu will strengthen industrial linkage, accelerate the commercialization process of products, and create a more competitive full-color Micro-LED micro-display solution for consumer-grade AR glasses.
Leiyu is committed to developing high-performance, high-volume full-color micro-LED micro-displays, and creating ideal full-color micro-display solutions for AR glasses. The company's core team originated from the Department of Electronics of the Hong Kong University of Science and Technology, and has many years of experience in the design and manufacture of cutting-edge optical chips. As the first company in the industry to realize AR-level monolithic full-color micro-LED micro-display chips, Leiyu actively promotes cutting-edge technological progress, and continues to break the size and pixel density records, bringing revolutionary innovation to the field of microdisplay.
In recent years, the AR track has experienced a stage of heating up, cooling and explosive growth, and the consumer market has gradually opened. With the continuous improvement of the maturity of hardware, software and content ecology, new AR glasses are being created one after another, and they will surely become a 100-billion-level track in the future. On the whole, AR optical solutions are mainly based on optical waveguide technology, focusing on lighter, thinner, larger field of view, full-color display and other aspects of optical upgrades. In terms of display, the full-color micro-LED micro-display solution is the core of the competitive advantage of terminal manufacturers.
With a deep insight into market demand, with 18 years of technology accumulation, Leiyu has continuously achieved breakthroughs in full-color micro-LED technology. Since the release of the first monolithic full-color micro-LED micro-display chip in Silicon Valley in 2019, Leiyu has developed a number of full-color micro-LED micro-display products based on the 8-inch semiconductor process, including the 0. released at SID Display Week in the United States in 202311 inches and 022-inch full-color micro display. In addition to the advantages of ultra-small size, this series of micro-displays has achieved a brightness of more than 100,000 nits and 98% DCI-P3 color gamut coverage, and the micro-LED pixel density is up to 7200ppi, which has been highly recognized and widely concerned by the industry.
In terms of full-color path, single-chip full-color is the ultimate solution for micro-LED manufacturers and universities at home and abroad. Leiyu took the lead in achieving breakthroughs in this field and used hard power to build core technical barriers. Leiyu's self-developed quantum dot photoresist solution can integrate standard quantum dot materials and photoresist materials through innovative technologies. While ensuring high luminous efficiency and high resolution, the solution can control the thickness of quantum dot photoresist below 2 microns, which can not only match the requirements of micro-LED for ultra-small pixel size, but also ensure high absorption efficiency and conversion efficiency at the same time, and can fully convert blue light into green light and red light, so as to achieve single-chip full-color display.
Dr. Zhuang Yongzhang, Founder and CEO of Leiyu"The essence of monocle full-color technology is to achieve the extremely thin and light design of AR glasses to achieve a better wearing experience and visual experience. The XR industry chain is long and new, and the coordination and cooperation of the current industry chain is very important. Each role must not only innovate in their own field, but also work closely with other roles to drive the XR industry forward. "Huaying Capital, the investor in this round, has been investing in science and technology since 2014, and has many layouts in the field of new generation information technology, which can enhance the synergy between enterprises and resources in the futureSanqi Mutual Entertainment and miHoYo are world-renowned game development companies that have been actively deploying in the XR field. As an enterprise that attaches great importance to the implementation of technology, in the future, Leiyu will keep up with market demand, continue to improve product performance, strengthen industrial linkage, and work with industry chain partners to promote the leap of AR optical display solutions.
Wang Sirui, investment director of Huaying Capital"Augmented reality is an important frontier direction of the new generation of information technology, optical display, chip computing power, AI algorithms and other underlying core technologies that determine the development of the AR industry are continuing to develop rapidly, consumers are looking for products with better interactivity and experience, and Huaying has also been actively deploying in this direction." It is foreseeable that the application prospect of Micro-LED in the field of AR display is very broad. The Leiyu team has accumulated profound experience in the field of micro-LED, and has the strength to overcome the key technical difficulties of full-color and solve the pain points of the industry. Huaying is optimistic about the company's development prospects. ”
Yuan Xing, investment director of Sanqi Mutual EntertainmentHe said: "XR is a track that Sanqi Mutual Entertainment has been focusing on for a long time, and its core hardware and scene landing are complementary to each other, and the improvement of XR ecology is inseparable from the collaboration of enterprises in all links of the industrial chain." We are very pleased to work with an excellent innovation team like Leiyu and look forward to helping consumer AR glasses reach a new level in the future." ”