2021-08-05

Porotech Raises £3m for New Generation of Microdisplays

University of Cambridge spin-out Porotech has raised £3m to fund the next stage of development of its unique micro-LED production technique. Its Display technology breakthrough heralds a new era of brighter, sharper, more vivid microdisplays for even the smallest devices.

Porotech Raises £3m for New Generation of MicrodisplaysMicro-LED is the next major leap forward for displays on products such as smartphones, smartwatches and VR/AR headsets. It is particularly useful in outdoor settings, where sunlight can often make existing displays difficult to see clearly. But the performance of current micro-LED technologies deteriorates as the device size decreases.

Porotech has created a new class of porous gallium nitride (GaN) semiconductor material that is redefining what is possible. It offers performance improvements that are suitable for mass production and can be customised for individual customers’ needs.

Despite only spinning out in January 2020, Porotech has been generating revenue for 10 months – and is working with some of the biggest global names in display technology. In November 2020, the company launched the world’s first commercial native red indium gallium nitride (InGaN) LED epiwafer for micro-LED applications.

Porotech’s next step is to expand its novel approach to integrate InGaN-based red, green and blue (RGB) micro-LEDs for full-colour microdisplays – and ultimately create ‘smart’ pixels that can be controlled independently for unrivalled responsiveness and accuracy for things like AR gestures.

Currently, technologies being tested for smart pixels are largely based on aluminum indium gallium phosphide (AlInGaP) material and quantum dot colour conversion (QDCC). But AllnGaP struggles at the small pixel sizes required by AR – and QDCC suffers from uniformity and stability issues. In addition, both approaches require a mixture of different material.

Porotech’s novel approach enables all three primary colours to be made with the same GaN material and integrated on a single wafer, with no need for special structuring. The company also plans to develop its own supply chain ecosystem to help it develop and produce products more quickly.

“Porous GaN is basically GaN with tiny holes in it that are a few tens of nanometres across,” said Porotech CEO and co-founder Dr Tongtong Zhu. “It’s an entirely new engineered GaN material platform to build semiconductor devices on. It offers performance improvements that are suitable for mass production, scalable in wafer size – and crucial for the next generation of microdisplay devices such as AR glasses.

“We are already seeing high levels of demand for our standard and customised porous GaN substrates and micro-LED epiwafers, which we can provide on sapphire and silicon platforms ranging from 100mm (4″) to 300mm (12”).

“Smart pixels will be our next development – monolithically generated and integrating native self-emissive RGB micro-LEDs on a single wafer to give smaller, lighter, thinner displays that use less energy and offer the greater accuracy required for things like AR gestures.”

Porotech’s latest funding round was led by Speedinvest, with participation from previous investors IQ Capital,Cambridge Enterprise, Martlet, and Cambridge Angels.

Rick Hao, Principal at Speedinvest, said: “The revolutionary technology developed by Porotech is set to transform the electronics industry as demand grows for smaller, lighter, sharper displays that are more accurate and environmentally friendly than ever before.

“This new type of porous GaN semiconductor material fits within existing industry processes and is robust and flexible enough to be tailored to different applications. Porotech has demonstrated that it has both the product and the commercial capability to become a key player in next-generation display technology.”

About Porotech

Porotech is a gallium nitride (GaN) material technology developer and a spin-out from the Cambridge Centre for Gallium Nitride at the University of Cambridge. The company focuses on the development of high-performance and energy-efficient wide-bandgap compound GaN semiconductors by applying cutting-edge material technologies and solutions to unleash the full potential of GaN to revolutionise the electronics industry.

About Speedinvest

Speedinvest is a European venture capital fund with more than €400M AUM and 40 investors working from Berlin, London, Munich, Paris, Vienna and San Francisco. Employing a focused investment team structure, we fund innovative early-stage technology startups in the areas of Deep Tech, Fintech, Industrial Tech, Network Effects, Digital Health and Subscriptions. Speedinvest actively deploys its global network and in-house Platform+ operational experts to support our portfolio of nearly 200 companies, including with US market expansion. 

About IQ Capital

IQ Capital is a deeptech venture capital firm based in London and Cambridge that invests in early-stage deeptech businesses which use hard-to-replicate technology in massive global markets – across sectors including software, hardware, materials, health tech and life sciences. IQ Capital’s 45+ portfolio companies are visionaries and address some of the largest problems in the world to dominate their respective markets on a global scale and grow rapidly to become sector leaders.