TriLite raises €8 million to enable augmented vision for consumer eyewear

Funding Rounds

Summary

Peter Weigand, CEO at TriLite, said, "This new round of funding will enable us to invest in innovation and increase our competitive advantage, whilst further strengthening our patent portfolio and building our manufacturing services platform." Trixel® 3 incorporates a micro-optical RGB laser light source and a micro-electro-mechanical system (MEMS) mirror, enabling it to generate bright, high-quality images while setting benchmarks for lowest power consumption. To identify talented teams and support their ideas at an early stage, APEX Ventures closely works with academic institutions, entrepreneurship programs and other international VC partners. QC·VENTURES has a proven track record and expertise in the fields of longevity and life sciences, disruptive technologies and a growing interest in investments that effectively combine profit with purpose. TEC Ventures invests in markets and industries characterized by high growth and product innovation with a focus in the fields of Deeptech, Health and LifeScience.

$ Funding

$
Amount $9.3M Total raised
Date October 19, 2021 Announcement date
Investors TTTech Computertechnik, Apex Ventures, B&C Holding, Lenzing, QC Ventures, Frequentis Lead investors
Company http://www.trilite-tech.com/ Funded company

Classifications

industries
No industries detected
applications
Accounting and Taxes

AskAI Classifications

Labels
Safety & Cybersecurity Software Industrial Automation Software Embedded Systems Software

Linked Companies

Frequentis
$250M to $500M
KINEXON
$10M to $25M
Citrine Informatics
$1M to $5M