Xian Yao Display JBD completed hundreds of millions of yuan in strategic financing

Every AI news, according to the official Weibo of Lightspeed Venture Capital, recently, MicroLED microdisplay manufacturer Shanghai Xianyao Display Technology Jade Bird Display announced that it has completed the A3+ and A4 rounds of strategic financing of hundreds of millions of yuan. The A3+ round of financing was jointly led by BYD and Shanghai Science and Technology Innovation Group’s Intellectual Property Fund Investment, and old shareholders continued to increase their investment. The A4 round was led by GF Qianhe, and investors included Geely and Xingyuan Capital, a subsidiary of Xingji Meizu Group. Old shareholder Lightspeed Lighthe followed suit. The two financing funds will be used to continue to increase investment in research and development of MicroLED core technology, product mass production, introduction of high-end talents and market development.