Light Polymers, a Silicon Valley-based nanochemistry startup reported that a consortium of private investors has led a Series A investment round of $24.3 million. The company, which has research and development operations in San Francisco, California as well as Taiwan and Korea, has extensively studied the commercial use of lyotropic liquid crystals
In addition to extensively testing the use lyotropic liquid crystals for potential applications in LCD and OLED flat panel displays, and LED lighting, the company has also examined their use in building materials such as concrete admixtures, aerogels, and biomedical applications.
A liquid crystal is a material which features traits of both conventional liquids and solid crystals, and a lyotropic liquid crystal has two or more components that show liquid-crystalline properties at certain concentration ranges.
The company’s most commercially viable technology so far is using lyotropic liquid crystals for flexible and foldable OLED displays. The company intends to use the Series A funding to expand R&D and eventual commercialization of this flexible and foldable OLED display technology.
“Light Polymers’ chemistry is on the leading edge of materials for flexible and foldable OLED displays,” said Marc McConnaughey, President, and CEO of Light Polymers. “With this Series A round of funding, we will be able to scale up the chemistry and film production for our breakthrough 35 micron-thin OLED circular polarizer solution and eventually reach under 10 microns for wearables, smartphones, tablets and eventually notebook, monitors and HDTV’s.”