Morphotonics raises €40M to expand its display tech into data centers

Deeptech company Morphotonics raises €40M from investors including 3M Ventures, Innovation Industries, BOM, and Invest-NL. The Netherlands’ ASML is possibly the biggest name in lithography, using its machines to etch patterns onto silicon wafers inside a computer chip factory, known as a “fab.” Fellow Dutch company Morphotonics is smaller and works in a different corner of the same field: nanoimprint lithography, or NIL, a process used to manufacture the displays in AR glasses and other optics. It said it has benefited from ASML’s supply chain and uses many of the same vendors. Morphotonics has spent 12 years developing that technology, largely under the radar. Now, as demand for smart glasses and other optics surges, the company said Tuesday it has raised €40 million to scale up production and push into a new market: optical components for data centers.The round was backed by 3M Ventures, Innovation Industries, BOM, and Invest-NL.

The European Innovation Council (EIC) Fund; Ernij Next, a Dutch family office; and the European Investment Bank (EIB) also participated. Morphotonics’ NIL work means the startup creates a “stamp” and applies it to photosensitive materials to create various kinds of displays, from augmented reality glasses to privacy screens for cars. This is useful in creating the waveguide technology used in smart glasses, including the Meta Ray-Ban Display, Even Reality, and Magic