InZiv, a technology provider of high-resolution inspection and repair of microLED, QLED, and OLED displays, announced that it has raised US$10 million in a Series A1 round led by BlueRed Partners, a Singapore based venture capital fund. Co-investors include OurCrowd, a number of Asian family offices, and existing investors. InZiv will use the capital to accelerate its product development of fast electroluminescence (EL) and photoluminescence (PL) automated solutions, make strategic company appointments, and expand its global presence with a particular focus on the US and Asia to support growing customer demand. The company has also announced that Yishai Klein, managing partner and co-founder of BlueRed Partners, and Itzhak Edrei, president emeritus of Tower Semiconductor, will be joining the board of directors.
InZiv's unique approach harnesses advanced nano-optical technology to empower display manufacturers to effectively inspect advanced displays with the highest optical and spectral resolution. Their solution enhances the manufacturing process, boosts yields, and enables greater consumer access to the latest microLED and QLED products such as near-eye AR smart glasses, wearable devices, and foldable screens. These products are being developed with significantly smaller pixels than past display technologies, with pixel sizes shrinking from hundreds of microns to single micron and below, and the industry lacks the effective inspection equipment that is necessary for these high-resolution displays. InZiv's nano-optical technology addresses this by detecting even the tiniest of light and color defects within pixels, with resolution reaching the sub-micron scale.
"InZiv began with a vision to provide the necessary tools to address the unique inspection and repair challenges currently facing the next-gen display industry," explained Founder and CEO David Lewis. "The microLED market is expected to exceed US$21 billion by 2027, with Capex alone growing to US$8 billion over the coming years. It has been exciting to see just how quickly the market has responded to our unique nano-optical solutions, with leading manufacturers among our growing customer base. With the support of our valued investors, InZiv is ready to take the next steps in developing the high-resolution tools that are needed to continue to enhance advanced display technologies and make them accessible and affordable to the average consumer."