Kateeva announced that it has closed its Series-E funding round - with $88 million in new financing. The new investors (all from China) include BOE Display, TCL Capital. Kateeva raised over $200 million in total, and previous investors include Samsung Ventures and Veeco.
Kateeva is developing and producing ink-jet systems for OLED production. Originally the systems were intended for OLED stack material deposition, but in 2014 the company also started to offer ink-jet based encapsulation systems - used to protect flexible OLED displays.
The new funds will be used to accelerate new product development, as Kateeva is gearing up towards mass production of OLED TVs using its ink-jet systems. The funds will also be used to expand manufacturing capacity at its Silicon Valley headquarters, and support soluble material partners as development of suitable OLED materials is still a challenge towards OLED printing.
We we will be posting more information and a Q&A session with Kateeva's founder soon. Stay tuned!