OTI Lumionics

OTI Lumionics, founded in 2011 in Toronto, Canada, is a leader in developing production-ready advanced materials for consumer electronics, with a focus on organic light-emitting diode (OLED) displays. The company employs quantum simulations, machine learning, and real-world testing in pilot production to create innovative materials for next-generation consumer electronics and automotive applications. OTI's flagship product is its Cathode Patterning Material (CPM), which enables the integration of under-display cameras and sensors in OLED displays, allowing for uninterrupted, full-view displays without notches or cut-outs.

The company's materials discovery process utilizes a proprietary quantum and AI-driven computational platform, incorporating closed-loop feedback from in-house automated pilot production testing and application engineering. This approach allows OTI to design new materials that fit existing production processes, reducing the need for manufacturers to significantly alter their production equipment. OTI's technology has applications beyond displays, including potential use in semiconductors, pharmaceuticals, and specialty chemicals.

In October 2022, OTI Lumionics raised USD 55 million in Series B funding to accelerate the adoption of its display materials by multiple leading display manufacturers. The company's CPM materials have been successfully validated by multiple panel makers in OLED display module tests and are being used in the final stages of mass production qualification. OTI Lumionics also collaborates with Dai Nippon Printing Co., Ltd. to optimize the use of evaporation masks for the deposition of CPM material, creating more effective manufacturing solutions for OLED products.

Key customers and partnerships

OTI Lumionics has established strategic partnerships and collaborations with several industry leaders. The company has received investments from LG Technology Ventures, Samsung Venture Investment Corporation, and UDC Ventures, indicating strong interest from major players in the consumer electronics and display industries. OTI has been shipping its second-generation CPM materials to panel makers in Korea and China since the second half of 2020, with materials being tested and integrated by various OEM device makers.

In June 2024, OTI Lumionics announced a strategic partnership with Nord Quantique, a quantum computing company, to work on electronic structure calculations, vibronic spectra, and ab initio molecular dynamics using quantum simulations. This collaboration aims to identify improved efficiencies for the development of advanced materials with potential applications in multiple industries beyond display, including semiconductors, pharmaceuticals, and specialty chemicals.

OTI Lumionics also collaborates with academic institutions such as the University of British Columbia and the University of Toronto, as well as quantum computing companies like D-Wave Systems, Rigetti Computing, and Microsoft. These partnerships contribute to the company's research and development efforts in quantum computing applications for materials science.