What is Azumo?
Headquartered in Chicago, Azumo operates at the intersection of materials science and consumer hardware. The company specializes in the development of the world's thinnest and most flexible LED light guide films. By utilizing standard Light Emitting Diodes, Azumo provides high-clarity display solutions that offer unparalleled design flexibility for next-generation electronic devices. As a leader in the nanotechnology sector, the firm addresses critical industry demands for energy-efficient, high-performance display components, effectively bridging the gap between traditional e-paper limitations and modern visual requirements. Their market position is bolstered by a robust portfolio of intellectual property and a clear focus on scalable, high-impact optical engineering.
How much funding has Azumo raised?
Azumo has raised a total of $56.9M across 6 funding rounds:
Series A
$5.5M
Debt
$3.1M
Series B
$9M
Debt
$350K
Other Financing Round
$9M
Other Financing Round
$30M
Series A (2014): $5.5M with participation from Energy Foundry
Debt (2015): $3.1M, investors not publicly disclosed
Series B (2018): $9M supported by SABIC, Bascom Ventures, and Energy Foundry
Debt (2020): $350K featuring PPP
Other Financing Round (2020): $9M backed by Anzu Partners
Other Financing Round (2022): $30M with participation from VectoIQ, SABIC Ventures, Anzu Partners, Energy Foundry, and Dipalo Ventures
Key Investors in Azumo
Anzu Partners
An investment firm focused on breakthrough technologies in clean tech, industrial, and life sciences sectors, managing $1 billion in assets.
Dipalo Ventures
A venture firm that invests in early-stage, breakthrough deep tech innovations transforming the future of energy, climate, and physical AI.
SABIC
A global manufacturer of chemicals, commodity and high performance plastics, and agri-nutrients headquartered in Riyadh, Saudi Arabia.
What's next for Azumo?
With the recent influx of capital, Azumo is poised to transition from a specialized technology developer to a dominant force in the industrial display supply chain. The strategic roadmap likely involves scaling production to meet the demands of major consumer electronic OEMs, while simultaneously refining its nanotechnology applications for broader integration into smart mobility and industrial IoT devices. By maintaining its focus on high-clarity, low-power display solutions, Azumo is set to capitalize on the growing trend toward sustainable and flexible hardware design. The company's ability to attract top-tier industrial and deep-tech investors suggests a long-term trajectory aimed at market leadership in the evolving landscape of physical AI and connected consumer products.
See full Azumo company page
