beeOLED, a Dresden-based deep-tech startup, has raised €13.3M for a Series A funding co-led by eCAPITAL and Innovation Industries. The round was joined by KBC Focus Fund as well as existing investors M Ventures (the corporate venture capital arm of Merck KGaA, Darmstadt, Germany), HTGF, TGFS, and JBN-Invest.
LG Display (Seoul, Korea), a world-leading innovator of display technologies, will solidify its partnership with Mercedes-Benz and enhance the two companies’ cooperation on premium automotive displays.
New technologies such as augmented reality (AR), artificial intelligence (AI) and cloud computing are rapidly opening up opportunities for entirely new business models and the future of work in industry. However, internet-based services also bring additional challenges in terms of data security and user acceptance. The German Federal Ministry of Education and Research is funding various interdisciplinary projects. At the closing conference, the joint project "secureAR" won the Technology Award with its open, cloud-based service platform and a new AR assistance system equipped with OLED microdisplays from Fraunhofer FEP (Dresden, Germany).
