FREMONT, Calif., Nov. 15, 2016 /PRNewswire/ -- Royole Corporation, a global pioneer and manufacturer of advanced flexible displays, flexible sensors, and smart devices, has received (USD) ~$80M in series Pre-D funding from WARMSUN Holding Group. The company now has a market valuation of approximately (USD) $3B, making Royole one of the world's fastest-growing technology start-ups. The new round of funding will help the company invest more resources into research and development, production, sales, and other fields in order to accelerate its growth. During 2012-2015, Royole has raised (USD) ~$200M up to Series-C round of funding.
"Royole is on the go and on the grow," Royole Founder and CEO, Dr. Bill Liu, stated. "Our advanced 3D virtual mobile theaters, Royole-X and Royole Moon, that deliver cinematic movie-watching and immersive gaming experiences anywhere, anytime, are proving extremely popular, while our proprietary flexible display and flexible sensor technologies are attracting interest and order requests from around the globe for a variety of uses. WARMSUN's early participation is a terrific kickoff to our Series D round of funding. It fully demonstrates the industry's confidence in the future growth of Royole Corporation. We continue to work with a number of other investors to conclude Series D funding."
Utilizing proprietary flexible electronics technologies, Royole creates and manufactures the most advanced flexible displays, flexible sensors, and smart device electronics in the world. It also provides IP licenses, services, and solutions for a variety of industries associated with display and flexible electronics applications. It has accrued over 500 patents (issued and pending) and know-hows on materials, processes, devices, circuits, software, and product design in a number of countries around the world.
In 2016, Scientific American named Royole one of its "5 Under 5" recipients as one of the five most innovative startups within five years of inception, and the San Francisco Business Times recognized the company at its "Annual Tech & Innovation Awards". Thomson Reuters selected Royole as the Best of CES 2016 in Las Vegas CES Show. In 2015, Forbes named Royole's Founder, Dr. Bill Liu, as one of the Top 10 Most Innovative Entrepreneurs in US and China.
"We are excited to work with Royole for their future hi-tech products," stated WARMSUN Holding Group. "Royole's team has demonstrated extraordinary capabilities and vision in creating and leading next-generation disruptive technologies on flexible displays, flexible sensors and smart devices. Royole is shaping a new landscape in the technology industry and has great potential to change the way people interact with the world."
About Royole Corporation
Royole was founded by Stanford engineering graduates in 2012 with the mission to improve the way people interact with and perceive their world. The company creates and manufactures advanced flexible displays, flexible sensors, and smart devices. It also provides IP licenses, services, and solutions for a variety of industries associated with displays and flexible electronics applications. In 2014, it introduced the world's thinnest full-color AMOLED flexible display with a thickness of 0.01mm (0.00039 inches, approximately 1/5 the thickness of human hair) and a bending radius of 1mm. In 2015, it began mass production of proprietary flexible electronic devices, and introduced the world's first foldable virtual mobile theater, Royole-X and later Royole Moon. In 2016 at International CES in Las Vegas, it introduced the world's first curved car dashboard based on flexible electronics.
Royole has received many global awards for its technology innovations and fast growth, including the Best of CES 2016 by Thomson Reuters, "5 Under 5" 2015 Most Innovative Startups in China by Scientific American, 2016 Annual Tech & Innovation Award by San Francisco Business Times, and 2015 Top 10 Most Innovative Entrepreneurs in US and China by Forbes. Royole is backed by leading venture capitalists, including IDG Capital Partners, CITIC Capital, Knights Investment Group, Alpha Wealth, Greenpine Capital and Shenzhen Capital Group. A verified 'unicorn' company, it has offices in Fremont, CA, Hong Kong, and Shenzhen, China. For more information, please visit: www.royole.com.
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This release contains forward-looking statements that involve known and unknown risks, uncertainties and other factors that may cause actual results to be materially different from any future results, performance or achievements expressed or implied by such statements. Many of these risks, uncertainties and other factors include failure of clinical trials, delays in development, registration and product approvals, changes in the competitive environment, increased government control over pricing, fluctuations in the capital and foreign exchange markets and the ability to maintain patent and other intellectual property protection. The information presented in this release represents management's expectations and intentions as of this date. Royole Corporation expressly disavows any obligation to update the information presented in this release.
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