Delphi Display Systems, a Costa Mesa-based provider of display systems for the fast-food industry, has received $3 million in venture capital funding.
The company, which counted $8 million in revenue last year, makes display systems that are readable in sunlight for drive-throughs, point-of-sale advertising, electronic billboards and outdoor kiosks. Eaglestone Investment Partners of Long Beach provided the funding.
Delphi counts McDonald’s, Jack-in-the-Box, Taco Bell, KFC and Krispy Kreme Doughnuts among its clients. With the funding, the company is looking to expand into electronic advertising, according to Ken Neeld, Delphi’s chief executive.
“It’s hard to say where exactly the market will take us,” he said. “We want to explore new markets, by allowing more multimedia-rich products.”
Neeld co-founded Delphi in 1993 after working for 12 years as an aerospace engineer for Hughes Aircraft Co. Delphi first introduced San Diego-based Foodmaker Corp., parent of Jack-in-the-Box, to its products in 1994.
Digital Systems of Texas and Wisconsin-based Ever Bright are among Delphi’s competitors, according to Neeld.
The company employs 32 people. With the recent funding, Delphi is expecting to add eight to 10 positions in marketing, engineering and manufacturing. It also plans to go from 4,000 square feet to 8,000 square feet of manufacturing space, according to Neeld.
