April 8, 2022 – DigiLens Inc., a provider of head worn holographic display and waveguide technology, has this week announced that it has raised more than USD $50 million in new investments in a Series D funding round, bringing DigiLens’ total valuation to over USD $530 million, according to the company.
Investors in the round include Corning Incorporated, Samsung Electronics, Optimas Capital Management (a strategic investment arm of Goertek), Diamond Edge Ventures (the strategic investment arm of Mitsubishi Chemical Holdings Corporation), Alsop Louie Partners, 37 Interactive Entertainment, UDC Ventures (the corporate venture arm of Universal Display Corporation), and Dolby Family Ventures.
“This series D round demonstrates our strong strategic foundation in the emerging XR sector. Our diverse set of partners from multiple different industries and backgrounds is taking another step to separate DigiLens from everyone else,” said Chris Pickett, DigiLens CEO.
DigiLens’ next generation waveguides utilize diffractive grating technology, which the company states effectively broadens the design space that dictates how the technology can be used for near-to-eye displays. Without getting too technical, DigiLens’ technology essentially culminates in a solution that can efficiently and uniformly provide larger fields of view through a waveguide to create a full color waveguide lens. On top of this, the company states its waveguide displays are thin, lightweight, high performance, low cost, highly manufacturable, and can be used in all types of XR devices. For the full technical info on how the company creates its hardware, click here.
“With our volume Bragg gratings, DigiLens has a scalable and cost-effective optics offering ready today, and with the promise we have seen with our next generation waveguide technologies we’re set to provide the needed wide field of view and thin optical solutions of tomorrow,” said Alastair Grant, DigiLens’ SVP of Optical Engineering. “With partners like Corning for glass substrates and Mitsubishi Chemical for plastic substrates, Original Equipment Manufacturers (OEMs) in the personal computing industry now have the ability to create smart glasses tailored for enterprise, government, and consumer use cases.”
Extended reality (XR) technology, the umbrella term that includes virtual reality (VR), augmented reality (AR) and mixed reality (MR), has profound applications and potential uses across a broad array of sectors ranging from industry to medicine, education, and entertainment. XR devices are poised to become the next mobile technology platform, marking the next evolutionary step in computing from laptops, tablets, and smartphones.
For more information on DigiLens and its waveguide technology for XR devices, please visit the company’s website.
Image credit: DigiLens