We are excited to share the awesome news that, Porotech has recently secured $20m Series A investment.
Porotech is a Cambridge spin-out founded in 2020, joint by Dr Yingjun Liu, Prof. Rachel Oliver, and Dr Tongtong Zhu. A multinational electronics giant is among the participants in the Series A funding round, which has been led by Ameba Capital and includes previous investor Speedinvest.
Porotech has redefined what is possible by creating a new class of porous gallium nitride (GaN) semiconductor material called PoroGaN. The breakthrough is enabling the company's micro-LED products to deliver monochrome and full-colour displays on a single indium gallium nitride (InGaN) material system, with the brightness, efficiency and resolution required for high-quality image projection against bright backgrounds – even outdoors in daylight. The company's red micro-LED product is already achieving best-in-class performance.
"The fact that it already has industry leaders among its clients and partners is a testament to the game-changing potential of Porotech's breakthrough," comments Arthur Chen, a partner at Ameba Capital.
See related items:
1. https://www.porotech.co.uk/2022/02/22/porotech-secures-20m-series-a-investment/
2. http://www.semiconductor-today.com/news_items/2022/feb/porotech-220222.shtml
3. http://www.semiconductor-today.com/news_items/2021/oct/porotech-191021.shtml
4. http://www.semiconductor-today.com/news_items/2021/jun/porotech-240621.shtml