Technologies
Back
Startups & Venture Capital

Morphotonics raises €40M to expand its display tech into data centers

TechCrunch
Advertisement468 × 90
Morphotonics raises €40M to expand its display tech into data centers

Deeptech company Morphotonics has successfully raised €40 million in a new funding round. The investment was backed by a consortium of prominent investors, including 3M Ventures, Innovation Industries, BOM, and Invest-NL. Morphotonics specializes in advanced display technology and intends to utilize this fresh capital to scale its operations and expand its reach into the data center market. By leveraging its unique manufacturing processes, the company aims to apply its display solutions to high-performance computing environments, marking a strategic shift in its business model. This funding round underscores the growing investor interest in deeptech hardware solutions that address the evolving needs of modern infrastructure. As the company prepares for this expansion, the support from these strategic partners is expected to accelerate its development cycles and market penetration efforts in the coming months.

This is a summary. Read the full article at the original source:

TechCrunch
Advertisement468 × 90
Share
Startups & Venture Capital

Related stories

Advertisement970 × 250