Morphotonics raises €40M to expand its display tech into data centers
Deeptech company Morphotonics raises €40M from investors including 3M Ventures, Innovation Industries, BOM, and Invest-NL.
Dutch nanotechnology firm Morphotonics has secured €40 million in funding to expand its display technology into data center optical components. The company, specializing in nanoimprint lithography (NIL), develops "stamps" to create displays for augmented reality glasses and privacy screens. ASML, a leading lithography machine producer, and several other investors are backing the venture.
Morphotonics, which has experienced rapid growth in the smart glasses market, aims to scale up production and enter the data center sector. CEO Hugo Da Silva highlights the importance of a strong local presence in Asia, with teams in China, Taiwan, South Korea, and the U.S. The startup's next machine, currently under construction, will be capable of producing over 6 million waveguides annually.
Currently, around 90% of Morphotonics' revenue comes from hardware sales, with plans to increase this to 50 deployments in the next two to three years.
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