Shanghai Xianyao Display Technology Co., Ltd., commonly known as JBD, has recently announced the successful conclusion of a Series B1 funding round that secured hundreds of millions of yuan from a consortium of investment institutions. The proceeds from this round will primarily be allocated to the research and development of MicroLED microdisplay technology, scaling up production capabilities, recruiting top talent, and fostering broader ecological collaborations. Since its inception in 2015, JBD has dedicated itself to the pioneering research, development, and innovation of MicroLED microdisplay technology. The company boasts a suite of core technologies, with its products finding widespread application in near-eye AR displays and the automotive sector. The CEO of JBD emphasized that the smart glasses market has now reached a pivotal stage of large-scale deployment, and MicroLED technology is widely recognized as the preeminent solution for near-eye AR displays. This latest funding influx will undoubtedly expedite the adoption and integration of MicroLED technology within the AR industry.