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Poro Technologies

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Porous GaN technology for tunable, full-color micro-LEDs.

Cambridge, United KingdomFounded 2018Semiconductors
Valuation $50–100M Last recorded · 2022
Headcount <100 Current team size
Total funding $10–50M Disclosed equity funding
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About Poro Technologies

Poro Technologies (Porotech) is a gallium nitride (GaN) material technology developer spun out of the University of Cambridge in 2020. The company was co-founded by CEO Dr. Tongtong Zhu, CTO Dr. Yingjun Liu, and CSO Professor Rachel Oliver, following extensive research at the Cambridge Centre for Gallium Nitride. Dr. Zhu has over 15 years of experience in III-nitride semiconductor materials and devices, while Dr. Liu is experienced in advanced materials development, and Professor Oliver is a leading academic in the GaN field. Porotech's core innovation is a new class of porous GaN semiconductor material, trademarked as PoroGaN®. This technology involves an electrochemical etching process that creates nanoscale porosity in GaN wafers, allowing for the engineering of a wide range of material properties. This breakthrough enables the production of efficient indium gallium nitride (InGaN) based red micro-LEDs, a significant challenge in the display industry. Building on this, the company developed Dynamic Pixel Tuning® (DPT®), a technology that allows a single micro-LED pixel to emit any color of the visible spectrum, including white. This eliminates the need for separate red, green, and blue sub-pixels, simplifying the manufacturing process, reducing costs, and increasing yields for micro-LED displays. The company operates on a fabless business model, focusing on its material platform technology and device solutions, which it commercializes through partnerships with foundries and electronics manufacturers. Porotech targets the $140 billion display market, with a primary focus on micro-LED applications for augmented reality (AR) glasses, virtual reality (VR) headsets, smart wearables, and other next-generation displays. Key milestones include a £1.5 million seed round in 2020, followed by a $20 million Series A in 2022. The company has established strategic partnerships with major industry players, including Foxconn, Powerchip Semiconductor Manufacturing Corp (PSMC), and JBD, to accelerate the mass production and commercialization of its micro-LED technologies. Foxconn is reportedly building a microdisplay fab based on Porotech's DPT technology, with mass production anticipated by the end of 2025. Keywords: Porous Gallium Nitride, PoroGaN, Dynamic Pixel Tuning, DPT, micro-LED, GaN-on-Silicon, displays, augmented reality, AR, fabless semiconductor, Cambridge spin-out, Tongtong Zhu, Rachel Oliver, Yingjun Liu, InGaN, semiconductor materials, display technology, red micro-LED, full-color display, wearable technology, microdisplays, Foxconn partnership, PSMC

Source: Dealroom company data

At a glance

Status
Operational
Founded
2018
Headquarters
Cambridge, United Kingdom
Employees
52
Open positions
None listed
Dealroom signal
79.8/100
Sector
Semiconductors, Spinout, Semiconductor Designers and Manufacturers, Semiconductor Materials, GaN (Gallium Nitride), Hard Tech, Woman Founder, DT and LS, UKis Digital and technologies
Technology
Hardware, Deep Tech, Augmented Reality, Virtual Reality
Business model
Manufacturing
Client focus
b2b

Funding history

8 recorded events

Company financing events and reported valuations.

Deal typeDateAmountValuationInvestorsSource
GRANT✓Other financing Nov 2024 $20K — UK Research and Innovation —
GRANT✓Other financing Mar 2023 — — Undisclosed —
Showing the latest 2 of 8 recorded eventsBook a demo for the full funding history →

Growth signals

Poro Technologies website traffic

Latest recorded traffic for Poro Technologies is 1.9K monthly website visits, up 4650% over the last three months. Poro Technologies's team grew 6.1% over the past year.

Latest monthly visits1.9K 3-month web change+4650% 1-year team growth+6.1%
Summary metrics are public; monthly history is available with a demoCompare with peers →

Similar companies

Closest operating peers by Dealroom taxonomy

Company identity and context are open; selected comparison metrics preview what is available on the platform.

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Cambridge GaN DevicesCreated to explore and develop a number of unique opportunities in power electronics Cambridge, United Kingdom Operational 63 $62M $128M
Kubos SemiconductorsKubos Semiconductors is develop and commercialize cubic-GaN for high efficiency, low-cost LEDs using intellectual property Cambridge, United Kingdom Operational
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FlexEnableThe global leader in the development and industrialization of organic electronics for flexible displays and sensors, and offers a comprehensive range of services-based packages for its technology platform Cambridge, United Kingdom Operational
Irresistible MaterialsA materials technology company Birmingham, United Kingdom Operational
Salience LabsUltra high-speed multi-chip processor combining photonics and electronics to accelerate exponential advances in AI Oxford, United Kingdom Operational
Singular PhotonicsAdvances SPAD sensors for real-time imaging and processing in scientific, medical, and other fields Edinburgh, United Kingdom Operational
Helio Display MaterialsCreating materials for a new generation of brighter and more colourful displays that use significantly less power Oxford, United Kingdom Operational
Showing 8 of the closest matchesCompare every metric →

Investments and acquisitions

Capital deployed

Recent portfolio relationships for companies that also act as investors or acquirers.

Investors

18 investors on the cap table

From Dealroom's funding and investor records, grouped by the round each investor first entered.

Seed6 investors entered at this stage

  • IQ Capital
  • Cambridge Enterprise
  • Martlet
  • Speedinvest
  • Cambridge Angels
  • UK Research and Innovation

Series A3 investors entered at this stage

  • Ameba Capital
  • Samsung Ventures
  • Honghui Fund

Other known investors9 additional known investors

  • Falling Walls Foundation
  • University of Cambridge
  • Cambridge Capital Group
  • Highlight Capital
  • Jong Sang Choi
  • Parkwalk Advisors
  • Royal Academy of Engineering Enterprise Hub
  • Syndicate Room
  • University of Bristol Enterprise Fund
Team profiled 7 named & role-tagged
Founders Hidden — book a demo/100 quality score
Key operators 4 quality Hidden — book a demo/100
Potential founders Hidden — book a demo likely future founders
Startup mafia Hidden — book a demo alumni-founded startups
Talent movements Hidden — book a demo in · Hidden — book a demo out past 12 months

Source: Dealroom Talent Intelligence.

Global footprint

Workforce and web traffic by country
Workforce by country
5 countries with
team presence
🇬🇧 United Kingdom54.5%
🇹🇼 Taiwan36.4%
🇮🇳 India3%
🇵🇭 Philippines3%
🇭🇰 Hong Kong3%
5 countries shown

Market sentiment

Posts on X, past 7 days

An AI-synthesised read of the highest-engagement posts about Poro Technologies on X, ranked by likes and reposts, corporate channels excluded.

Reading the room on X — pulling top posts and synthesizing themes…

Source: X recent search ranked by engagement (likes + retweets) · Synthesis by Claude · Cached for 1 hour

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