Kyulux is a fabless start-up company. Use AI technology to quickly find and synthesize luminescent materials, and obtain material patents. Its main feature is 100% internal quantum efficiency. Kyulux uses data and intellectual property rights to bring new material development processes to the chemical industry. It has received investments from South Korea’s Samsung Display and LG Display. The goal is to be listed on Nasdaq in the United States in 2023.
According to a Japanese media Flat-display report, for the initial funding preparations, Mr. Kei Mizuguchi, the Chief Financial Officer (CFO) said: "We ate'poisonous steamed buns', but if we eat two poisonous steamed buns, the poisonous effect should be weakened." . Kyulux is a research company founded in 2015 by Professor Chinami Adachi from Kyushu University and related personnel. Nowadays, although OLED technology is a powerful supplement to panel display technology, Kyulux conducted more than 300 interviews with popular companies (VC, Venture Capital) and production companies at that time, but no one paid any attention.
Therefore, Kyulux consulted two Korean companies that had previously cooperated in research and development. Shuikou CFO put forward the idea of requiring two competing companies to jointly finance. "In order to commercialize the research results of Japanese universities, it is not enough to research and develop just by a Korean company." It is also for the two companies to contain each other. After the Korean giants decided to invest, Japanese companies also started to act. Series A (Series A) and Series B (Series B) raised 1.5 billion yen (approximately RMB 90 million) and 3.5 billion yen (approximately RMB 210 million), respectively, and are now preparing for the B round of additional financing—- 3.7 billion yen (approximately 222 million yuan), plans to implement mass production testing in 2021 and commercialization in 2022.
Under normal circumstances, it takes more than 10 years to develop a material, so it is not suitable for venture capital. So Kyulux used AI technology to speed up research and development. In 2016, an organic molecular luminescence performance prediction technology combining AI and quantum chemical calculations was introduced from Harvard University in the United States. Use AI to find and synthesize organic molecules. Let AI learn these data and improve its prediction accuracy.
A database of 45 million molecules has now been cultivated. President Junji Adachi said: "The initial AI prediction accuracy was only about 5%, but now it has increased to 80%"! If a chemist wants to design an OLED molecule, AI can propose a list of about 1,000 similar molecules and predict its performance. The process from designing OLED molecules to completing OLED molecules has also been shortened from 16 weeks to 2 weeks.
In addition, Kyulux has obtained more than 600 patents for luminescent materials. By first obtaining a patent on the principle of light emission, it "blocks" the follow-up path for enterprises to catch up. Professor Anda of Kyushu University invented new principles, and Kyulux used AI and patents to fully control the molecular group of materials. And Kyulux gathers necessary funds from all over the world.