News: LEDs
4 September 2025
Mojo Vision raises $75m in Series B Prime funding round
To support the commercialization of its micro-LED platform, Mojo Vision Inc of Saratoga, CA, USA has closed its $75m Series B Prime investment round, which was led by Vanedge Capital, joined by existing shareholders including Edge Vrenture Capital, New Enterprise Associates (NEA), Fusion Fund, Knollwood Capital, Dolby Family Ventures, and Khosla Ventures, plus new shareholders including imec.xpand, Keymaker, Ohio Innovation Fund, and Hyperlink Ventures.
“Mojo has made significant advancements in establishing breakthrough performance standards while laying the foundation for micro-LEDs as a platform for AI innovation in large market segments,” says CEO Nikhil Balram. “This oversubscribed funding round and strong industry support mark a new phase in the design and production of our next-generation micro-LED platform. The company is on an accelerated path to commercialize micro-LED applications that can power AI,” he adds.
“Mojo Vision has consistently shown over time how it can push the boundaries of what is possible in the development of micro-LEDs,” says board member & Vanedge Capital managing partner Moe Kermani. “Mojo’s micro-LED platform has the power to transform the performance of AI infrastructure and reach of AI applications,” he adds.
Over the last nine years, Mojo Vision has developed a highly flexible wafers-in, wafers-out micro-LED platform that integrates 300mm silicon architecture, GaN-on-silicon emitters, high-performance quantum dots, and micro-lens arrays. This approach is said to resolve conventional trade-offs between size, brightness, bandwidth density, and power.
“The future of micro-LEDs is reaching an inflection point, where applications are approaching commercial viability thanks to Mojo’s technological advances,” says board member Dr Achin Bhowmik, currently chief technology officer & executive VP of engineering at Starkey, and former VP & general manager of perceptual computing at Intel. “Nikhil and his team have proven that they can take on big technology challenges with semiconductor solutions that will move the industry forward,” he comments. “Micro-LEDs are a once-in-a-generation disruptive semiconductor technology, and its expanded development into new, large markets will widen the scope of possibility for this revolutionary technology, including enabling next-generation AI applications.”
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