Royole Corp. has announced they have received US$ 80 million (approximately) in series Pre-D funding from Warmsun Holding Group. The company now has a market valuation of approximately US$ 3 billion B, which according to Royole makes them one of "world's" fastest-growing technology start-ups.
The new round of funding will help the company invest more resources into research and development, production, sales, and other fields in order to accelerate its growth.
During the period 2012-2015, Royole said it had raised US$ ~200 million up to Series-C round of funding.
According to Royole by utilising "proprietary" flexible electronics technologies, Royole creates and manufactures the most advanced flexible displays, flexible sensors, and smart device electronics.
The company also states that it can provide IP licenses, services, and solutions for a variety of industries associated with display and flexible electronics applications. They state they have accrued over 500 patents (issued and pending) and know-hows on materials, processes, devices, circuits, software, and product design.
Figure: Royole - Flexible OLED display panel
Royole was founded by Stanford engineering graduates in 2012.
Dr. Bill Liu, Founder and CEO at Royole, said, "Royole is on the go and on the grow." Bill Liu, added, "Our advanced 3D virtual mobile theaters, Royole-X and Royole Moon, deliver cinematic movie-watching and immersive gaming experiences anywhere, anytime, are proving extremely popular, while our proprietary flexible display and flexible sensor technologies are attracting interest and order requests from around the globe for a variety of uses. WARMSUN’s early participation is a terrific kickoff to our Series D round of funding. It fully demonstrates the industry's confidence in the future growth of Royole Corporation. We continue to work with a number of other investors to conclude Series D funding."
A WARMSUN Holding Group said, "We are excited to work with Royole for their future hi-techproducts." They added, "Royole's team has demonstrated extraordinary capabilities and vision in creating and leading next-generation disruptive technologies on flexible displays, flexible sensors and smart devices. Royole is shaping a new landscape in the technology industry and has great potential to change the way people interact with the world."