A total of 99 million 240 thousand yuan! Google injection LED manufacturer Glo Micro of Sweden

According to Mr James consulting report, Google will become the resund region innovation company interested in a group. Swedish media Rapidus revealed that the technology giant to the equivalent of 120 million SEK injection of independence from Sweden's Lund University nanotechnology Core Company Glo.

Glo has developed a method for producing LEDs by controlling the nanotubes grown on silicon substrate. From the past to the lighting industry, Glo has been in such as mobile phone, tablet computer and VR (virtual reality) glasses display technology has invested all resources. Glo is working with existing display and electronic products manufacturers, and according to the latest annual report, the first use of Glo technology in the commercial display will be launched in the second half of 2018.

Light emitting diode (Gloss diodes) is known as a Micro LED. Micro LED technology can be expected to provide better contrast than LCD display and energy efficiency, but also can improve the brightness of the OLED display screen in the use of mobile phone number. In recent years, apple and Facebook's Ocolus have acquired some small technology company focused on the development of LED Micro.

Especially for the watch and VR glasses, need small diodes to reduce pixel size, even in very small screen can also provide high resolution.

When the pixel size of 100 microns in VR glasses, people wear easily after nausea. Rapidus is a member of the board of directors and Market Research Director Lars Samuelson said the pixel VR glasses in 10 microns.

Now, Google seems to also want to go on the same track. Lars Samuelson of Glo's financial situation did not want to comment, but Rapidus has noticed the Glo documents show, buy all the stock right through the release directly to Google this summer, Glo received $15 million (RMB 99 million 240 thousand). The deal makes Google group has a cutting-edge research institute of Scania stake of more than 13%.

Google capital has just begun. If all goes well, the Glo in the near future will inject growth to three times.

In a recent report, the management will be a total of Glo wrote that the investment of $45 million, equivalent to 360 million kronor. One part will be paid within about a year, "the capital injection will achieve a common milepost in the company". In addition to Google, to raise funds not to participate in the action of Rapidus.

Behind Glo have very strong capital strength. Is the largest investor in Wellington partners in London, in the Google capital, with nearly 19% of the shares; followed by the Wallenberg family holding fund Asset Management Co and Norway nano Futures Investment Company.

In recent years, including Google, Glo has invested more than $1 billion 200 million of funds.

It is reported that Glo in 2008 began operating in Longde and still maintain its legitimate seat, but also has a research institute in the scanian frontier. A more than 40 year old employee (the majority) are located in the Silicon Valley, a 15 minute drive from Google headquarters. Glo also has a number of employees in the Taiwan area China, and in a small office in Tokyo is closed in the spring of this year. Rapidus tries to find the chief executive officer of Glo FaribaDanesh and chairman of AjitNazre to evaluate the return on capital, but did not succeed.

Source: Michael James consulting

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