Cynora announces its Series-B funding round, raises €25 million from Samsung and LG

Cynora announced that it finalized its Series-B funding round. Both Samsung (via Samsung Ventures) and LG Display participated in this round which totaled €25 million. Both LGD and samsung will also establish separate joint development efforts to assist in advancing Cynora's R&D.

Cynora did not disclose how much did each company invest, although earlier reports suggested that LG invested €15 million while Samsung invested €10 million.

Cynora is focused on developing blue TADF emitter (although it also announced plans to start developing other emitters) - and of course both SDC and LGD are highly interested in finally applying an efficient blue material in their OLED displays.

Posted: Sep 14,2017 by Ron Mertens