The ad is one of the most critical components in augmented reality hardware, and on Tuesday one of the companies that made this component closed Avegant Corp., a $ 12 million round of financing to help develop next-generation AR displays Generation.
Given the relatively turbulent year for the company, Avegant's new funds are particularly good news for its team. In February, Avegant reduced its workforce to around 20 R & D employees and retired founder Ed Tang as CEO.
Now, instead of expanding its display technology over development kits, the company is in the business Introduced in November 2017, the company focuses on the development of retina display technology for the consumer segment.
"The consumer AR industry faces huge challenges developing displays that offer high resolution, small form factor, large field of view, light field and low power," said Tang in a statement. "The industry is excited about our unique solutions to these technical challenges that make impossible AR experiences so far."
New Investors Participate in Series AA Financing Walden SKT Venture Fund and China Walden Venture Investments III, LP, with Existing Investors
"Many companies are trying to solve several, very difficult technical problems in order to Bring experience to consumers, "said Andrew Kau, Managing Director of Walden International. "We chose to invest in Avegant because their solutions elegantly address these issues in a creative way, taking into account human factors, without losing sight of manufacturability."
The Augmented Reality Hardware industry has become an important development in the development of components that match an aesthetically pleasing form factor while providing the computing power needed to produce realistic 3D content. This not only requires additional research and development, but also investors who are patient enough to see everything.
Therefore, Avegant's recent funding for overall space health generally promises to develop hardware that is needed. One day, portable AR will make a reality for all.