CHICAGO, IL, Azumo, a breakthrough display technology company, today announced that it has raised $30 million in new financing.
The round was led by venture capital firm Anzu Partners with additional funding from SABIC Ventures, VectoIQ, Dipalo Ventures and Energy Foundry. This round of funding will accelerate Azumo's international expansion, increase its manufacturing capabilities and help launch new products featuring its low power LCD 2.0TM technology.
Azumo is a breakthrough display technology company revolutionizing a $130 billion industry. It's LCD 2.0 reflective technology is the first in a generation of high-performance displays that improve user experience and battery life for end-users in consumer, medical, industrial, educational, and automotive markets. Azumo's ultra-thin light transmission technology has 47 patents and enables 10 times the battery savings compared to traditional LCDs. It combines high video rate capability with superior readability in bright sunlight conditions to eliminate glare. With a range of 1inch-17inch in size, Azumo displays can easily integrate into any device.
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