Dispelix Secures €10 mln in Capital and Unveils RGB Laser Beam Scanning Waveguide Tech for Mainstream Augmented Reality Glasses
New financing to fuel Company’s manufacturing of the world’s thinnest and lightest waveguide displays, enabling all-day-wearable AR glasses for consumers, while delivering large eyebox, unobstructed real-world view, and unmatched AR experience.
Dispelix, a global leader in Waveguide Displays for Augmented Reality Eyewear, announced that it has secured €10 million in new financing and investment. In addition to the company’s raise of €5 million in new equity from investors, Flashpoint, an international technology investment firm, has provided €5 million in venture debt financing. Dispelix will use this new capital to further accelerate its innovation and product development supporting full colour Laser Beam Scanning (LBS) projection technology and expand customer acquisition and support worldwide.
This funding news comes on the back of Dispelix unveiling the concept of the next generation AR glasses at CES 2021 in partnership with STMicroelectronics and Osram. Leveraging Dispelix’s market leading technology, the new glasses feature the thinnest ever AR waveguides that are as thin as 0.3mm. Earlier in October 2020, STMicroelectronics, Dispelix, Osram, Applied Materials and Mega1, set up LaSAR Alliance, to accelerate LBS ecosystem creation for AR wearables.
This year, Dispelix will deliver new innovations and performance enhancements to its AR Waveguide Technology Platform, which will optimize the compatibility of Dispelix’s standard and custom product offerings with miniature projection technologies. With that, Dispelix and its go-to-market partners ensure accelerated lead time for customers’ aesthetic, lightweight and user-friendly AR glasses targeted at the mainstream AR wearable markets. Dispelix with its partners provide Augmented Reality (AR) and device manufacturers with key foundational elements necessary to bring all-day-wearable AR glasses to consumer and professional markets. LBS based AR glasses enable unprecedented lightness and user comfort — allowing wearable health tracker transition from smart watches to AR glasses, and revolutionizing Industrial Internet applications by providing a visual, hands-free user interface for real-time remote monitoring, predictive maintenance, and on-demand expert support.
“This is a very exciting time for Dispelix, and it is an honour to have such strong and committed financial partners join us along our journey,” said Antti Sunnari, CEO and Co-Founder, Dispelix. “Dispelix expects significant growth in eyeglasses form factor AR wearables. Secured funding enables Dispelix to integrate its leading AR waveguide display technology with its strong ecosystem partners’ core technologies to meet and exceed industry needs for all-day-wearable AR glasses.”
“With its incredible team, Dispelix has done tremendous work to broaden its product portfolio and strengthen its technology and IP assets to better serve customers on a global scale,” said Donatella Callegaris, Managing Partner, Flashpoint. “We look forward to working with Dispelix and are eager to support them as they accelerate their innovation and growth.”