Oti Lumionics Raises $55 Million In Series B Funding And Completes Customer Mass Production Qualification Of Its Display Materials
Amount Raised
$55 Million
Round Type
Series B
TorontoManufacturingDescription
OTI Lumionics, a leader in the development of production-ready advanced materials for consumer electronics, today announces an oversubscribed $55 million USD Series B financing from LG Technology Ventures, Samsung Venture Investment Corporation, UDC Ventures, Anzu Partners and The Family Office of Lee Lau. The new funding will accelerate the adoption of OTI’s display materials by multiple leading display manufacturers that supply all major smartphone, tablet, laptop, AR/VR headset and TV brands.
Quick answer
OTI Lumionics raised $55 Million in a Series B round, dated October 26, 2022. OTI Lumionics is based in Toronto, Ontario, Canada.
- How much did OTI Lumionics raise?
- OTI Lumionics raised $55 Million in a Series B round on October 26, 2022.
- What does OTI Lumionics do?
- At OTI Lumionics we are developing advanced materials—by design—using quantum simulations, machine learning and real-world testing in pilot production.
- Where is OTI Lumionics based and how big is it?
- OTI Lumionics is based in Toronto, Ontario, Canada.
Source: Fundz verified event record.
Who else raised in Manufacturing around the same time
Companies in the same sectors as OTI Lumionics that raised within 45 days of this round, from Fundz verified event records.
- American Mineral Technologies raised $110K (Pre-Seed) on December 10, 2022.
- ND PAPER raised an undisclosed amount (Grant) on December 9, 2022.
- WorldProof raised $100K (Pre-Seed) on December 9, 2022.
- Glavel, Inc raised $175K (Seed) on December 9, 2022.
- Membrion raised $7M on December 9, 2022.
- DVM Systems raised $42K on December 9, 2022.
Who to call at OTI Lumionics, and when
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- An alert the day OTI Lumionics raises, hires an executive or expands, scored against what you sell
- The decision-makers there, with verified emails
- Who you already know at OTI Lumionics, from your own LinkedIn network
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Funding Insights
What this usually meansOTI Lumionics raised. Fundz records a round at a median of 3.6 minutes from the SEC filing, with the decision-maker attached.
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