Virtual Reality

Israeli AR startup Lumus gets $6 million from the Alibaba Group

Israeli augmented reality (AR) lens maker Lumus has closed a $6 million round from the Chinese Alibaba Group. This investment follows a $30 million Series C in December 2016 from HTC and Quanta Computer. It raised $15 million in a Series B round in June 2016. This brings the company's total amount raised to $57 million.
Shaheen Samavati 23 January 2017
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Israeli augmented reality (AR) lens maker Lumus has closed a $6 million round from the Chinese Alibaba Group. This investment follows a $30 million Series C in December 2016 from HTC and Quanta Computer. It raised $15 million in a Series B round in June 2016. This brings the company's total amount raised to $57 million.

Lumus produces optical engines, a component of AR glasses and headsets, and supplies lenses for the AR market. The investment will open up the possibility for deals with companies linked to the Alibaba Group.

Read more: GeekTime

Israeli AR startup Lumus gets $6 million from the Alibaba Group
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