SANTA FE, N.M. (AP) — A New Mexico startup developing LEDs displays for wearables and personal mobile devices has received a venture capital investment from Korea-based Samsung Venture Investment Corp. The Santa Fe New Mexican reports the Santa Fe startup iBeam Materials recently received an unspecified amount in venture capital investment from Samsung Ventures.
iBeam Materials, an early-stage spin-off company from Los Alamos National Laboratory, is creating technology for display manufacturers. Previously, iBeam has received $4 million from the U.S. Department of Energy and worked with Sandia and Los Alamos national laboratories.
Samsung Ventures promotes promising small and medium-sized companies engaging in the development of new technologies. A Samsung Ventures representative sits on the iBeam board of directors.