Samsung's Venture Arms and Verizon Ventures and Comcast are among the strategic investors supporting start-up Light Field Labs and its glasses-free holographic displays in a $ 28 million Series A round of financing.
Bosch Venture Capital and Taiwania Capital led the round of financing, which is exactly four times the size of the $ 7 million round that the company completed in January 2018. Liberty Global Ventures (the Liberty Media investment arm), NTT Docomo Ventures, HELLA Ventures, Khosla Ventures and Alumni Ventures Group, R7 Partners and Acme Capital also participated.
Light Field Lab's display technology is capable of projecting high-resolution 3D content without wearables based on the company's software platform designed to deliver content to the company's hardware. The funding will enable Light Field Labs to transform its holographic display prototypes into marketable products, from video walls for entertainment complexes and special events to consumer goods.
"Light Field Lab's holographic display technologies are opening up entirely new business opportunities for consumers and businesses," said Ingo Ramesohl, managing director of Bosch Venture Capital, in a blog post. "Light Field Lab has the leadership and technical know-how to bring this vision of the holographic future to life."
Verizon's and NTT Docomo's interest stems from the potential growth over 5G networks delivering the faster speeds and lower latency required to display advanced 3D content in Augmented reality are required.
"Verizon's new 5G network is characterized by higher bandwidth, low latency and speed / throughput for delivering next-generation content," said Kristina Serafim, Investment Director Verizon Ventures. "We are delighted to announce our new investment by Verizon Ventures in Light Field Lab, as these innovations enable the delivery of content via Next Gen networks through their displays."
Although Comcast and Liberty have telecommunications interests, companies are aiming to capitalize on the content of AR.
"Light Field Lab's holographic displays are the most exciting new technology we've ever seen in entertainment," said Ankur Prakash, vice president of Liberty Global Ventures. "We are pleased to be able to participate meaningfully in their Series A and are well positioned to help them align with the industry's leading content providers and accelerate the proliferation of holographic media in next-generation networks." Samsung, Verizon & Comcast for Holographic Displays ” width=”480″ height=”480″ style=”max-width:532px;height:auto;”/>