Dispelix, specializing in optical see-through near-to-the-eye lightweight displays, has announced the closing of near €29 million in a Series B funding round 6 months after another €10 million raise. The round was led by Atlantic Bridge with new and existing investors CCB Trust, Flashpoint, Lifeline Ventures, VTT Ventures, Finish Industry Investment and 3M Ventures have also joined the funding round. This newly acquired capital has brought the total funding raised by Dispelix to date to €43.2 million.
Founded in 2011 in Finland, Dispelix designs and manufactures diffractive waveguide displays and display modules both really thin and light (aka smart glasses and contacts), to be used in everyday augmented reality (AR) and mixed reality (MR) eyewear and headsets delivering a large eyebox and an unobstructed real-world view.
“Our patented see-through display technology is the key enabler for augmented reality devices such as smart-glasses where weight, display quality and form factor are key attributes. These can be best realized by feather-weight single-layer optics which is our unique forte and we are now gearing to scale these capabilities for mass production for our customers forthcoming consumer offerings. This new investment will allow us to serve more OEM customers better and faster, as their trusted and dedicated waveguide partner.” Explained co-founder and CEO of Dispelix Antti Sunnari.
On the industrial front, Dispelix exemplifies a combination of their tech in combination with web-based applications, providing for a visual, hands-free user interface, specifically in the remote monitoring, predictive maintenance, and on-demand support areas.
Juuso Olkkonen, the CTO and co-founder of the company commented:“Dispelix’ see-through displays are the lightest and thinnest on the market and maintain vivid colors, image quality and wide field-of-view. Our team of world-class scientists and engineers continue to push the boundaries of what’s possible with our arsenal of unique software and hardware technologies – fundamentally changing the way nanophotonics based waveguides are designed and delivered to the delight of our customers.”
Source: Eu-startups “Finnish AR waveguide pioneer Dispelix scores €28.4 million for its solution enabling next-gen lightweight smart glasses and AR displays”