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Polar Mi wins Baidu VC C investment for R&D of screenless TV products
Kimi Technology, the leading brand in screenless TVs, has recently completed its C-round financing led by Baidu Ventures (BV). This funding will primarily support R&D for non-screen and laser-based screenless TV models, enhance core technologies, expand ecosystem applications, and address production capacity challenges.
Prior to this, Kimi Technology had successfully raised funds in three previous rounds. The A-round secured 100 million yuan, with investors including Chuangdongfang, Chengdu Technology Transfer Investment Co., Ltd., and Shishi Jiarui Trading Co., Ltd. The Pre-B round was a strategic investment from Mango Media, which not only provided capital but also valuable resources and licenses. The B-round, totaling 120 million yuan, was backed by Zhongnan Culture, Chuangdongfang, Dingfeng Assets, and Lai Shi Venture Capital.
Since its inception, Kimi Technology has aimed to become the "TV of the future." In 2014, it introduced the concept of "non-screen TV" to the market, focusing on research, design, and production of this innovative product. The company’s vision is to revolutionize traditional TVs by offering a screenless experience that enhances audiovisual enjoyment without limiting users to screen size or location.
Unlike smart projectors, which are essentially projectors combined with a TV box, Kimi’s screenless TVs use a video decoding system and image optimization engine similar to smart TVs. They incorporate features like dynamic noise reduction, contrast enhancement, and resolution optimization, creating a more refined TV experience. Smart projectors, on the other hand, simply enlarge the picture without the same level of image quality control or TV-specific algorithms.
The screenless TV transforms the display method from an LCD screen to projection, delivering picture quality comparable to traditional TVs while being more compact and portable. It offers unmatched flexibility—users can enjoy a large screen wherever they want, whether at home or on the go.
Kimi has launched several products, including home entertainment series, portable entertainment series, and the iime children's smart projector designed specifically for kids. In July, the company introduced three new laser-free screenless TVs: the 120-inch 4K two-color laser T1, the 100-inch 1080p A1, and the A1 Pro.
Baidu Ventures’ CEO Liu Wei expressed strong confidence in the future of screenless TVs, stating that Baidu VC will bring in advanced technology, integrate Baidu’s tech and content resources, and help build a smart screenless TV ecosystem to support Kimi’s growth.
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