DigiLens publicizes further $50M in Collection D funding, bringing its whole valuation to over $530M



In Augmented Actuality, Digital Actuality and Blended Actuality Information

April 8, 2022 – DigiLens Inc., a supplier of head worn holographic show and waveguide expertise, has this week introduced that it has raised greater than USD $50 million in new investments in a Collection D funding spherical, bringing DigiLens’ whole valuation to over USD $530 million, in line with the corporate. 

Buyers within the spherical embrace Corning Included, Samsung Electronics, Optimas Capital Administration (a strategic funding arm of Goertek), Diamond Edge Ventures (the strategic funding arm of Mitsubishi Chemical Holdings Company), Alsop Louie Companions, 37 Interactive Leisure, UDC Ventures (the company enterprise arm of Common Show Company), and Dolby Household Ventures.

“This collection D spherical demonstrates our sturdy strategic basis within the rising XR sector. Our various set of companions from a number of completely different industries and backgrounds is taking one other step to separate DigiLens from everybody else,” mentioned Chris Pickett, DigiLens CEO.

DigiLens’ subsequent era waveguides make the most of diffractive grating expertise, which the corporate states successfully broadens the design area that dictates how the expertise can be utilized for near-to-eye shows. With out getting too technical, DigiLens’ expertise primarily culminates in an answer that may effectively and uniformly present bigger fields of view by a waveguide to create a full colour waveguide lens. On prime of this, the corporate states its waveguide shows are skinny, light-weight, excessive efficiency, low value, extremely manufacturable, and can be utilized in all kinds of XR gadgets. For the total technical information on how the corporate creates its {hardware}, click on right here.

DigiLens’ optics expertise

“With our quantity Bragg gratings, DigiLens has a scalable and cost-effective optics providing prepared at present, and with the promise we’ve seen with our subsequent era waveguide applied sciences we’re set to offer the wanted broad area of view and skinny optical options of tomorrow,” mentioned Alastair Grant, DigiLens’ SVP of Optical Engineering. “With companions like Corning for glass substrates and Mitsubishi Chemical for plastic substrates, Authentic Gear Producers (OEMs) within the private computing business now have the flexibility to create good glasses tailor-made for enterprise, authorities, and shopper use instances.”

Prolonged actuality (XR) expertise, the umbrella time period that features digital actuality (VR), augmented actuality (AR) and combined actuality (MR), has profound functions and potential makes use of throughout a broad array of sectors starting from business to medication, training, and leisure. XR gadgets are poised to change into the following cell expertise platform, marking the following evolutionary step in computing from laptops, tablets, and smartphones. 

For extra info on DigiLens and its waveguide expertise for XR gadgets, please go to the corporate’s web site.

Picture credit score: DigiLens

Concerning the creator

Sam Sprigg

Sam is the Founder and Managing Editor of Auganix. With a background in analysis and report writing, he covers information articles on each the AR and VR industries. He additionally has an curiosity in human augmentation expertise as an entire, and doesn’t simply restrict his studying particularly to the visible expertise aspect of issues.