DigiLens, an innovator in head-worn holographic display and waveguide technology, has closed its Series D funding round including more than $50 million in new investments. DigiLens is now valued at over $530 million.
The new investment will be used to strengthen the company's licensing business model and extend global offerings.
Investors include Corning Incorporated, Samsung Electronics, Optimas Capital Management, Diamond Edge Ventures, Alsop Louie Partners, 37 Interactive Entertainment, UDC Ventures, and Dolby Family Ventures.
Chris Pickett, DigiLens CEO said, “As the contours of the next computing category begin to gain better definition among industry participants, you’ll see a core technology industry standard take hold as investors place bets through their corporate and business investment activities. 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”.
DigiLens reports a breakthrough in diffractive grating technology, effectively broadening the design space that dictates how the technology can be used for near-to-eye displays. The grating structures are simple to make with DigiLens’ current holographic recording process which allows them to be made cost effectively, while still supporting high contrast, sharp images.
The company claims that its volume Bragg gratings will become the de facto optical standard for smart glass experiences. Further, it states that its technology is 4x better than the closest competitor for eye glow and provides the best balance of thin, lightweight, high performance, low cost, and highly manufacturable waveguide displays for all types of XR devices.
Alastair Grant, DigiLens’ SVP of Optical Engineering said, “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”.