WaveOptics Secures Additional $13M to Expand AR Optics Manufacturing – Road to VR

WaveOptics, a designer and producer of waveguide optics for AR shows, introduced it’s raised a complete of $39 million (£30m) in Collection C funding, one thing the corporate says will assist scale its enterprise operations within the UK, US and Asia, and construct a excessive quantity manufacturing functionality.

WaveOptics initially raised a majority of its Collection C in December 2018, which on the time tallied $26 million. Now, the corporate has concluded the funding spherical with a further $13 million. The extra funding got here from current investor Goertek, one of many VR trade’s main producers, and new investor Hostplus, an Australian enterprise capital agency.

Goertek’s continued funding comes on the heels of an unique manufacturing partnership struck between WaveOptics and Goertek late final yr, which goals to allow mass manufacture of waveguides for in the end cheaper AR headsets.

WaveOptics Secures Further $13M to Increase AR Optics Manufacturing – Highway to VR 6Rokid’s Challenge Aurora prototype, Picture courtesy WaveOptics, Rokid

Though the China-based Goertek isn’t a family title, the corporate has quietly develop into a key enabler within the VR trade, offering manufacturing companies behind among the most outstanding VR merchandise available on the market.

“We’re seeing vital progress with our prospects growing their very own merchandise primarily based on our know-how,” says David Hayes, WaveOptics CEO. “This was demonstrated within the first half of 2019 once we secured plenty of vital partnerships with international OEMs and ODMs.”

WaveOptics now boasts each a 40 diploma and 28 diploma area of view waveguide product, together with its personal 40 diploma mild engine, the tiny projector that works in live performance with waveguides to create AR imagery.

WaveOptics expects to increase its product lineup with bigger area of view optics in some unspecified time in the future sooner or later. The corporate final informed Highway to VR again in November 2018 that a full colour waveguide with a 55 diploma area of view was in improvement.