New Mexico tech startup gets Samsung Ventures investment | KOB 4
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New Mexico tech startup gets Samsung Ventures investment

New Mexico tech startup gets Samsung Ventures investment

Associated Press
September 19, 2019 06:16 AM

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 spinoff 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.

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Associated Press

Copyright 2019 The Associated Press. All rights reserved.

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