Nanosys has completed a $20 million strategic financing which will enable it to continue its expansion and growth. The investment round follows the achievement of more than $250 million in lifetime revenues alongside a number of recent product development and customer milestones.

According to DSCC, the market for quantum dot displays will reach more than 10 million units in 2020, the first time Nanosys technology has eclipsed this annual sales volume mark.

Nanosys materials and technology can now be found in more than 400 models of consumers devices, across product categories including tablets, laptops, monitors and TVs, in sizes from 13” to 98”.

"With our business continuing to scale and the continued interest and adoption of quantum dots, we feel we have a great validation of both our business model and the durability of quantum dots as the go-to technology for advanced TV now,” said Jason Hartlove, president and CEO of Nanosys. “We plan to continue to create and deliver the very best quantum dot materials to enhance the user experience in advanced TV, ahead of OLED and other display technologies.

“With the global pandemic and stay at home and work from home becoming ubiquitous, the best visual experiences are a more important part of people’s lives than ever before, and quantum dot displays deliver that to the consumer better than any other technology,” Hartlove added.

In addition to the investment, Nanosys also recently announced new strategic relationships with Shoei Chemical of Japan and Nagase and Co, one of the world’s leading chemical trading companies. Previously, Nanosys announced a partnership to move beyond displays into the use of quantum dots for agriculture applications.