Waterloo-based startup VueReal has secured $58.4 million in Series C funding to expand its production capabilities and accelerate the application of its microprinting technology in industries such as automotive and healthcare.
The company was founded in 2016 by two Waterloo Engineering alumni, Dr. Reza Chaji (PhD ’08, electrical and computer engineering) and Dr. Ehsanollah Fathi (PhD ’11, electrical and computer engineering). The company makes energy and cost-efficient microscopic LEDs and sensors and aims to transform semiconductor fabrication.
The funding round was led by Export Development Canada (EDC) and financing came entirely from existing investors such as Cycle Capital, BDC Capital’s Cleantech Practice and TDK Ventures.
“This latest funding round is a testament to our partners’ confidence in our technology and vision,” said Chaji, CEO of VueReal, in a company statement. “With this capital, we can further scale microLED lighting and display manufacturing while supporting our partners in enhancing their production capabilities.”