Aledia Completes Financing Round, Adds Intel as Investor

Aledia, a developer and manufacturer of next-generation 3D LEDs for display applications based on a gallium-nitride-nanowires-on-silicon platform, has announced the closing of its Series C financing round with Intel Capital as a new investor.

The majority of existing Aledia investors also participated in the €30 million ($37 million) round including Braemar Energy Ventures, Demeter, the Ecotechnologies Fund of Bpifrance, Ikea Group, Sofinnova Partners and Supernova Invest.

“The opportunity for Aledia’s breakthrough nanowire-LED display technology is huge,” said Giorgio Anania, CEO of Aledia. “Today, more than 3 billion people interface to the Internet with mobile displays, and LED technology is expected to be used in a majority of these displays in the next few years. The unique advantages that 3D LED technology delivers position it as the driver of a once-in-a-generation shift.”

“This financing round and collaboration with Intel reflect this potential and underscores the interest that our 3D nanowire-on-silicon technology is getting in the mobile-display market and from leading global technology-investment firms," Anania said.

Aledia is developing a new generation of LEDs that are manufactured on large-diameter silicon wafers and targeted at mobile display applications. The LED technology is expected to lead to displays that are economically manufactured, energy-efficient and brighter. It is also well suited for the integration of electronics.

Anania said this Series C financing will support the company’s plans to significantly accelerate the speed of its LED technology development, including acquiring critical equipment.

Aledia is a developer of next-generation LED displays based on 3D nanowire technology.