Display technology vendor DigiLens announced today that it has completed a financing of US$22 million. The investors include Sony, Foxconn, Continental, Panasonic and Dolby family companies. This money will be used to create better AR/VR products.
Headquartered in Sunnyvale, California, DigiLens develops diffractive optical waveguide technology and nanomaterials for VR and AR. The company currently has 42 employees and has received a total of US$35 million in financing before and after. According to Digi-Capital, by 2021, the VR/AR market will reach $10.8 billion.
In an interview with Foreign Media Ventures, CEO Jonathan Waldern mentioned that DigiLens' technology can provide AR-thin glasses-like displays for motorcycle helmets, windshields, VR helmets, and fighter jets.
Case: BMW model, DigiLens head-up display technology for automotive manufacturing
"We are able to significantly reduce the size of the product and its overall dimensions. This funding can expand our scope of application and focus on the next field. Today's science fiction will become tomorrow's scientific facts," said Waldern.
In addition, using strategic investment relationships, DigiLens will bring several AR displays and sensors to market for corporate, consumer, and transportation applications.
The reason why DigiLens can win the favor of many capitals is because people have had cooperation cases with many big companies besides technology. Such as BMW, large-scale aerospace company Rockwell Collins and so on.
The head-up display in the car can make you more alert to the vehicles in front of you
Enhance driving experience with head-up display
DigiLens supports augmented reality overlay
Hiroshi Mukawa, project director of Sony AR glasses, said Sony’s AR smart glasses will use DigiLens’ waveguide optics. Panasonic will also use DigiLens technology in future car designs.
From the second half of 2016, AR display technology, screen technology, etc. have become the focus of investors' attention. This also reflects that AR is gradually applied to the B-side and the output is invaluable. I believe this year, such investment and acquisition cases will also gradually erupt.
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