“Apple has acquired LuxVue Technology, a stealthy company that had been working on micro-LED, screen technologies, we’ve heard from sources close to the transaction,” Leena Rao reports for TechCrunch.
“The company had raised $43 million in funding from Kleiner Perkins, iD Ventures America and others,” Rao reports. “LuxVue had managed to remain fairly quiet over the past few years, and what we know is that the company develops low-power, micro-LED-based displays for consumer electronics.”
Rao reports, “VentureBeat reported last year that the company has filed several patents on micro-LED technology. At Disrupt SF last year, KPCB partner John Doerr briefly talked about LuxVue’s technology, which he said had ‘a technical breakthrough in displays.'”
Read more in the full article here.
[Thanks to MacDailyNews Readers “Fred Mertz” and “Bill” for the heads up.]