WaveOptics Raises $26m in Funding

▤ Summary

WaveOptics , a London, UK-based designer and manufacturer of diffractive waveguides for use in Augmented Reality (AR) wearables, raised $26m (£20m).The round was led by Octopus Ventures, with participation from existing shareholders IP Group, Robert Bosch Venture Capital and Gobi Partners, as well as new investors Goertek and Optimas Capital Partners.The company intends to use the capital to scale up business operations on a national and international basis.Led by David Hayes, CEO, WaveOptics is a designer and manufacturer of diffractive waveguides, the key optical component in wearable augmented reality (AR) devices.The company’s technology is designed to be used for immersive AR experiences in industrial, enterprise and consumer markets.

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