WaveOptics, a manufacturer of diffractive waveguide optics for AR displays, today announced it has raised a $25 million Series C investment which will be used to continue building a large volume supply chain for the company’s optics.

UK-based WaveOptics said that the $26 million Series C investment was led by Octopus Ventures, one of the company’s largest existing investors, and was joined by other existing investors as well as new investors Goertek and Optimas Capital Partners.

The company calls the investment a “first stage,” suggesting that it may expand its Series C round with additional follow-on investment in the near future.

WaveOptics says it plans to use the capital to scale business operations domestically (in the UK) and abroad, aiming to build up a large volume manufacturing supply chain to meet expected demand in Asia and the US.

The announcement comes on the heels of a recent partnership announcement between Goertek and WaveOptics, in which Goertek will exclusively offer and manufacture WaveOptics’ optics to clients seeking to build AR headset products.

The Difference Between Smartglasses & AR Glasses, and Why Everyone is Confused

WaveOptics makes diffractive waveguide optics for AR displays. While the company’s current ‘Phlox 40’ optic offers a 40 degree diagonal field of view across a 16:9 aspect ratio, WaveOptics tells Road to VR that a full color WaveGuide with a 55 degree field of view is in development.

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Ben is the world's most senior professional analyst solely dedicated to the XR industry, having founded Road to VR in 2011—a year before the Oculus Kickstarter sparked a resurgence that led to the modern XR landscape. He has authored more than 3,000 articles chronicling the evolution of the XR industry over more than a decade. With that unique perspective, Ben has been consistently recognized as one of the most influential voices in XR, giving keynotes and joining panel and podcast discussions at key industry events. He is a self-described "journalist and analyst, not evangelist."
  • 82%ValdeDetta

    Long way to real AR! Wait 10 years!

  • oompah

    Yes thumbs up waveguide based tech. This is the future & much better than a box on ur face

  • Patrick McKee

    This is all meh. I see this for joggers. Rich joggers.