Thursday, May 5, 2011

MicroVision Gets $40m Investment Commit

Redmond-based MicroVision, the developer of pico display projection technology, said today that it has secured a $40m committed equity financing facility. The firm said the deal will allow it to sell up to $40M in its common stock to Azimuth Opportunity, Ltd. over the next 24 months. MicroVision said it had earlier raised $25.5M in a similar deal with Azimuth. MicroVision is publicly held.