Dispelix has raised 10 million euros in equity and debt for manufacturing of the world’s thinnest and lightest waveguide displays, enabling all-day-wearable augmented reality (AR) glasses for consumers.
The company raised €5 million in new equity from investors, and Flashpoint, a technology investment firm said it 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.
“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.”Antti Sunnari, CEO and Co-Founder, Dispelix