The Pre-B round was led by Ant Group, followed by Geely Capital, and old shareholders continued to invest. The financing funds will be used to increase R&D investment in MicroLED micro-display core technology, product mass production, introduction of high-end talents, and global market development. As early as 2022, Lightspeed Photosynthesis completed a joint lead investment in JBD’s A3 round worth hundreds of millions of yuan, and continued to make additional investments in the company’s A4 round of financing last year.
The rapid implementation of the Pre-B round of financing demonstrates the market’s firm confidence in the strength of JBD’s microdisplay technology and the prospects of the AR industry. Since taking the lead in mass production in 2021, the company's revenue growth has remained above 50%, and its cumulative shipments have exceeded one million microdisplays. It is also expected that year-on-year shipments will double in 2024. As a leader in the mass production of MicroLED microdisplays, JBWith its leading technology and production capacity advantages, D will continue to promote innovation and progress in the MicroLED microdisplay industry.
Technology continues to make breakthroughs, leading MicroLED microdisplay innovation
Since the completion of Series A financing in June 2023, JBD has made breakthrough progress in the key performance of MicroLED microdisplays, new technology platforms, and display quality of near-eye systems.
As a key indicator that determines the performance of MicroLED microdisplays, brightness has always been the focus of JBD's continued research. In the past year, JBD has set new brightness records for MicroLED red, green, and blue light: the green light brightness has reached an industry-leading 8 million nits, the blue light brightness has increased to 1.5 million nits, and the red light brightness has also exceeded the 1 million nit mark. This series of breakthroughs marks JBD's great progress in continuously improving the luminous efficiency of MicroLEDs.
The more cutting-edge single-chip full-color MicRegarding roLED micro-display technology solutions, JBD’s Phoenix series micro-display prototype based on vertical stacking architecture has attracted much attention in the industry since its debut in August 2023. At the same time, the latest version demonstrated by the company during SID 2024 has significantly improved brightness and color performance, further consolidating JBD's leading position in MicroLED forward-looking technology.
针对光波导显示的色彩不均匀性这一行业痛点，JBD开创性地推出业内首个光波导画质校正设备ARTCs。 This solution achieves real-time correction optimization through "correction equipment + algorithm + light engine calculation", greatly improving the brightness and color uniformity of the optical waveguide, and greatly enhancing the visual experience of optical waveguide AR glasses. This innovation also opens up a new market space for the application and popularization of consumer-grade AR.
Innovation-driven opening of a new era of AR+AI integration
By increasing research on MicroLED micro-display core technology, JBD is promoting the smart glasses industry to enter a new stage of development. With the explosion of AI experiencesWith the increasing popularity of AI, people’s demand for accessing AI anytime and anywhere is also increasing, which brings unprecedented market opportunities. Unlike a number of novel AI-specific hardware, AR glasses equipped with MicroLED light engines can provide users with comfortable all-weather wear and real-time AI interaction experience due to their extreme lightweight, low power consumption and other characteristics, making them an ideal choice to meet this demand.
JBD has a mature monochrome and color MicroLED light engine product line, which can provide highly competitive solutions for smart glasses with different positions. Currently, there are 25 models of AR glasses based on JBD MicroLED microdisplay solutions. These products meet consumers' expectations for lightweight and personalized AR glasses.
The company plans to launch the "Hummingbird" second-generation series of MicroLED light engine products, which represents JBD's deep insight into product innovation and market demand. It achieves the ultimate in size, weight, and power consumption, and perfectly meets the stringent requirements of smart glasses for lightweight, comfortable wearing, and long battery life. With the general trend of integrating AR and AI, it is expected that more than 10 new MicroLED smart glasses will be launched in 2024, which will fully unleash the potential of all-weather wear and further explore the potential of AR and AEndless possibilities for seamless interaction.
Dr. Li Qiming, founder and CEO of JBD, said: "This round of financing will accelerate the commercialization of JBD MicroLED microdisplay technology and enhance our leadership in AR core components. JBD will continue to move forward on the road of technological innovation, continue to break through technological boundaries, and is committed to becoming the leader in smart glasses experience innovation."
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