3M backs LCD display specialist
3M has ploughed cash into LCD design specialist, Pixel Qi Corp to bolster the development of mass-produced outdoor readable displays for digital signage.
The investment was made through the 3M’s New Ventures organization and terms of the transaction were not disclosed.
Pixel Qi, founded by Dr. Mary Lou Jepsen in 2008, designs LCD screens that solve problems not addressed by conventional screens.
The funding led by 3M New Ventures should enable Pixel Qi to develop its product offerings into volume consumer markets as well as digital signage and touch applications. The investment, which successfully concludes Pixel Qi's second (series "B") investment round, will also allow Pixel Qi to build and to strengthen its engineering and sales capabilities.