Dispelix Raised $33M USD in Series B Funding
In November 2021, Dispelix, a Finnish waveguide technology company, has raised $33M in a Series B funding round. The company produces single-layer waveguides as well as see-through displays. Its primary focus is on augmented reality. The company will use the new cash to expand its ability to service OEM customers. The firm has reached $50 million to date.
Dispelix takes a nanophotonics-based waveguide approach and is able to deliver a single layer, full-color waveguide display. One that’s compact and light enough to fit comfortably into a pair of AR glasses,
The company holds 43 patent families that are pending or granted. Reports indicate that OEM customers are integrating the technology into their offerings. This technology is expected to be on the market by 2023.
The company’s Series B round was led by Atlantic Bridge together with new investors Flashpoint and CCB Trust. Prior investors including VTT Ventures, Lifeline Ventures, Finnish Industry Investment, and 3M Ventures.
Paul Murray, Partner with Atlantic Bridge says Dispelix’s ability to scale these advantages for their increasing list of OEMs will be a crucial enabler in the adoption of next-generation MR platforms and to help deliver on the promise of the Metaverse.
Partnership with OQmented
About six months ago, OQmented and Dispelix have formed a strategic partnership. OQmented, a deep-tech company, develops and sells high-performance MEMS mirror projectors for small LBS displays as well as best in class 3D sensing solutions both for stationary and mobile applications.
This strategic partnership will commercialize Dispelix LBS waveguides as well as OQmented LBS MEMS solution. The initial goal of the partnership is to develop high-performance laser beam scanning solutions that can be used in Augmented Reality applications. The LaSAR Alliance, which was established just weeks ago, also includes both organizations. It was created to speed up the development of Augmented Reality eyewear apps. STMicroelectronics and OSRAM are also members.