Baltimore-Based Pixelligent Technologies Raises $38 Million in Debt Funding
Baltimore – Pixelligent Technologies, the Baltimore-based developer of a composite materials manufacturing platform used to make high-tech display products, said it has raised $38 million in a round of debt financing backed by its intellectual property.
MVolution Partners provided the capital, which increased the company’s current round to $45 million, including equity funding. Pixelligent’s products are used in AR/MR devices, OLED/Mini and MicroLED displays, optical/LIDAR sensors, and industrial applications. Pixelligent said it will use the latest funds to expand commercial activities in its target markets in partnership with consumer electronics companies.