It’s also launching a new tablet-sized product alongside its first-generation product for screens smaller than 5 inches that are popular for handheld and wearable electronics. 

The company developed a thin film that allows LCD screens to be lit from the front rather than behind, which saves energy. Azumo was founded in 2004 and has a significant patent portfolio. 

It has 36 employees, mostly in Chicago. The company has raised $45 million in funding so far.

The most recent round was led by Anzu Partners, a venture fund based in Washington, D.C. Investors include Chicago based Energy Foundry.

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