Azumo develops LCD 2.0™, a next‑generation reflective display technology that targets sunlight readability and low power consumption. Its LCD 2.0 technology delivers up to 10x the energy savings versus traditional backlit LCDs while remaining extremely thin and eye safe. The company holds 47 patents and offers displays ranging from 1" to 17", combining high video‑rate capability with superior readability in bright sunlight to eliminate glare. Azumo targets consumer, medical, industrial, educational, and automotive markets and is positioning its technology for a variety of device form factors. The new financing is intended to accelerate international expansion, increase manufacturing capabilities, and support the launch of new products. Azumo also plans to expand sales and applications engineering support and grow its international team while leveraging a partnership with a global electronics manufacturer to scale supply chain and production. FLEx Lighting, founded in 2008 in Chicago, develops LCD 2.0™ — a next-generation reflective display technology that delivers full-color, video-rate capability with ultra-thin light transmission. The technology promises up to 10x battery power savings and best-in-class reflective color while providing superb sunlight readability without glare. FLEx targets consumer, educational, medical, industrial, and IoT markets with displays ranging from 1" to 21" diagonals. The company plans to commercialize tablet-sized reflective displays and expand its portfolio to include consumer and educational tablets as well as portable devices for industrial and medical use. FLEx is expanding its global footprint by opening an office in Changzhou, China to support partners and its growing customer base. The company recently raised $9 million to fund global growth and commercialization of its new displays. FLEx Lighting develops front-light systems for device displays that are power-efficient and sunlight-readable, targeting reflective LCDs used in mobile devices. Its core products provide front lighting solutions that improve readability while minimizing power consumption. The company plans to expand its product lineup into tablet-sized and 7-inch+ displays for consumer applications and larger personal information displays. FLEx also intends to widen distribution channels and increase global representation. Founded in 2004 and led by CEO Mike Casper, the company benefits from strategic supplier relationships, including investor SABIC, which can expand its supply chain and materials expertise. Financially, FLEx closed a $9M Series B to support product development and market expansion.

Total raised

$48M

Funding rounds

3

Latest round

Equity

Latest activity

May 2022